According to Crypto Briefing, Pantera Capital analyzed in a report that "81% of the asset value in the tokenized US Treasury market, which has exceeded $12 billion, is simply held and not traded." The report surveyed 593 tokenized assets across 11 sectors, and the total tokenized asset market size increased by 60% from $201 billion to approximately $321 billion in 2024. 77.6% of the assets evaluated were real-world/traditional financial assets wrapped on the blockchain, while fully on-chain native tokens accounted for only 2.7%. Stablecoins accounted for approximately $293 billion, making up 91.6% of the total market.