Protocol Information
Real World Assets (RWAs) are a collateral type in the Maker Protocol which require legal entities to represent the MakerDAO in order to interact with real world counterparties in deals ratified by governance.
Sub Category: Treasury Bills
Methodology
TVL: Counts all the tokens being used as collateral of CDPs. On the technical level, we get all the collateral tokens by fetching events, get the amounts locked by calling balanceOf() directly, unwrap any uniswap LP tokens and then get the price of each token from coingeckoView code on GitHubCompetitors
Sky RWA history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 22, 2021 to Oct 17, 2026.
All-time high TVL: $3.397b on Oct 24, 2023. All-time low TVL: $35,831 on Apr 24, 2021.
Daily TVL, Sep 18, 2026 to Oct 17, 2026
| Date | TVL |
|---|---|
| Sep 18, 2026 | $72.24m |
| Sep 19, 2026 | $72.23m |
| Sep 20, 2026 | $72.24m |
| Sep 21, 2026 | $72.24m |
| Sep 22, 2026 | $72.01m |
| Sep 23, 2026 | $72.13m |
| Sep 24, 2026 | $72.13m |
| Sep 25, 2026 | $72.13m |
| Sep 26, 2026 | $73.65m |
| Sep 27, 2026 | $73.65m |
| Sep 28, 2026 | $73.65m |
| Sep 29, 2026 | $73.47m |
| Sep 30, 2026 | $73.45m |
| Oct 1, 2026 | $76.05m |
| Oct 2, 2026 | $76.05m |
| Oct 3, 2026 | $75.35m |
| Oct 4, 2026 | $75.33m |
| Oct 5, 2026 | $75.34m |
| Oct 6, 2026 | $74.76m |
| Oct 7, 2026 | $74.75m |
| Oct 8, 2026 | $73.83m |
| Oct 9, 2026 | $73.85m |
| Oct 10, 2026 | $73.84m |
| Oct 11, 2026 | $73.85m |
| Oct 12, 2026 | $73.86m |
| Oct 13, 2026 | $72.75m |
| Oct 14, 2026 | $72.34m |
| Oct 15, 2026 | $71.32m |
| Oct 16, 2026 | $70.29m |
| Oct 17, 2026 | $69.66m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $741.9m |
| Dec 31, 2024 | $293.33m |
| Jan 31, 2025 | $1.291b |
| Feb 28, 2025 | $1.846b |
| Mar 31, 2025 | $900.35m |
| Apr 30, 2025 | $99.61m |
| May 31, 2025 | $96.68m |
| Jun 30, 2025 | $90.05m |
| Jul 31, 2025 | $88.5m |
| Aug 31, 2025 | $89.59m |
| Sep 30, 2025 | $88.07m |
| Oct 31, 2025 | $92.99m |
| Nov 30, 2025 | $92.51m |
| Dec 31, 2025 | $89.46m |
| Jan 31, 2026 | $87.25m |
| Feb 28, 2026 | $89.88m |
| Mar 31, 2026 | $93.6m |
| Apr 30, 2026 | $94.48m |
| May 31, 2026 | $95.65m |
| Jun 30, 2026 | $83.18m |
| Jul 31, 2026 | $80.52m |
| Aug 31, 2026 | $73.76m |
| Sep 30, 2026 | $73.45m |
| Oct 17, 2026 (latest) | $69.66m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $16.61m |
| Dec 31, 2022 | $638.37m |
| Dec 31, 2023 | $2.568b |
| Dec 31, 2024 | $293.33m |
| Dec 31, 2025 | $89.46m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sky-rwa
Frequently asked questions
What is Sky RWA's TVL?
As of Oct 17, 2026, Sky RWA has $69.65m in total value locked. TVL has decreased 3.6% over the past 30 days.
What chains does Sky RWA operate on?
Sky RWA operates on Ethereum. Ethereum holds the largest share at 100%.
How does Sky RWA's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Sky RWA ranks #16 by TVL. The category holds $4.05b across 173 protocols, and Sky RWA accounts for 1.7% of that total. Other leading protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Usual USD0, and stUSDT.