Tokenized yield and real-world-asset (RWA) tokens bring off-chain dollar yield — US Treasuries, delta-neutral cash-and-carry, savings rates — directly on-chain. Track every major yield-bearing dollar token across Solana, Ethereum, Arbitrum and Base in one place: Ondo USDY, Ethena USDe / sUSDe, PayPal PYUSD, Sky USDS, MakerDAO DAI and more. Live DEX prices, 1h price action and 24h trading volume across Uniswap, Curve, Raydium, Orca and other venues — with a per-token deep dive into pools, traders and trades.
Networks: Solana, Ethereum, Arbitrum, Base. Live price, 1h & 24h price change and 24h volume are sourced from Bitquery's multi-chain Trading.Tokens endpoint and refresh approximately every minute. 2 tokens from the curated set are hidden because they don't yet trade on a chain we index. Click any token for full streaming analytics.
About Tokenized Yield & RWA
This category aggregates the most actively traded tokenized-yield and RWA dollar tokens in DeFi. RWA-native tokens like Ondo USDY (and the non-rebasing wUSDY wrapper) bring short-term US Treasury yield on-chain. Synthetic / cash-and-carry designs like Ethena USDe and the staked sUSDe variant generate yield from funding rates while keeping a dollar peg. Bank- and protocol-issued stablecoins like PayPal PYUSD, Sky USDS and MakerDAO DAI dominate dollar liquidity across Ethereum and L2s. DEXrabbit pulls live DEX swap data for every contract above (Solana mints + Ethereum / Arbitrum / Base smart contracts) so you can compare premium / discount, liquidity and 24h flow across chains and decide which venue to trade on.
Multi-chain coverage — Solana, Ethereum, Arbitrum and Base in a single view
Live DEX prices and 1h price change for every major tokenized-yield / RWA token
Compare USDY, USDe, sUSDe, PYUSD, USDS and DAI by 24h on-chain flow
Drill into any token on its native chain for trades, pools, top traders, dex markets
Tokenized Yield & RWA FAQ
Frequently asked questions about Tokenized Yield & RWA on Solana, Ethereum, Arbitrum, Base
What are tokenized yield and RWA tokens?
Tokenized yield and RWA (real-world-asset) tokens bring off-chain dollar yield on-chain. Examples include Ondo USDY (US Treasury bills), Ethena USDe / sUSDe (delta-neutral cash-and-carry), PayPal PYUSD, Sky USDS and MakerDAO DAI. They trade 24/7 on DEXs and can be used as productive collateral throughout DeFi.
What is the difference between USDY and wUSDY?
USDY is Ondo Finance's tokenized US Treasury — backed by short-term Treasuries and bank deposits, it accrues yield in its exchange rate. wUSDY is the non-rebasing wrapped version: 1 wUSDY token grows in USD value over time as Treasury yield accrues, instead of changing balance. wUSDY is friendlier for DeFi pools and lending protocols that don't handle rebasing well.
How does Ethena USDe earn yield, and what is sUSDe?
USDe is Ethena's synthetic dollar — its peg is maintained by a delta-neutral cash-and-carry: holding ETH/BTC spot and shorting equivalent perp futures. Funding-rate income from the short legs (plus liquid staking yield) is the source of the underlying APY. sUSDe is the staked, yield-bearing version of USDe — depositing USDe into the Ethena staking module mints sUSDe, which captures that funding yield in its exchange rate.
Are USDY and USDe the same token across chains?
Yes. Many of these tokens (USDY, USDe / sUSDe) are deployed natively on multiple chains. The on-chain price is determined by DEX liquidity on each chain independently, so brief premium / discount gaps can appear when supply or demand shifts on a single venue. Bridging and aggregator routing typically realign prices within minutes.
How do I buy or swap tokenized yield / RWA tokens?
Open the table above, click any token (e.g. USDY, USDe, sUSDe, PYUSD) to land on its DEXrabbit detail page. Each row links to the network-specific page, where you can choose a pool or DEX market to swap on the underlying chain — Curve / Uniswap on Ethereum and L2s, Raydium / Orca on Solana.
Is the tokenized-yield / RWA data real-time?
Yes — prices, 1h change and trade counts on this page come from on-chain DEX swaps via the Bitquery API and refresh roughly every minute. Each chain (Solana, Ethereum, Arbitrum, Base) is queried independently in parallel, then merged into the unified view above.
How is RWA / tokenized-yield 24h volume calculated?
EVM aggregator volume (Jupiter for Solana, certain meta-DEXs on EVM) is excluded so each token's 24h volume reflects native pool activity rather than routed flow. The result is a more honest read of on-chain liquidity for each RWA / yield token, especially across L2s where aggregator share can dominate.
Why don't you show market cap for these tokens?
Market cap requires the token's circulating supply, which depends on the issuer's mint balance per chain and isn't tracked by DEX trade data alone. We focus on what on-chain DEX activity does tell us: live price, 24h trading volume, 1h price action and trade counts. For supply / TVL rankings, see issuer dashboards (Ondo, Ethena, Sky, Maker) or DefiLlama.
