Short answer
Ondo Finance leads with about $19.1 million daily volume and $259 k in fees. Grayscale follows with roughly $561 k in daily fees despite no reported volume. Securitize rounds out the top three with about $354 k in fees.
Leaders
Ondo Finance’s share class offers liquid exposure to short‑term U.S. Treasuries and generates the highest daily fee revenue among all RWA projects. Grayscale is a crypto‑focused asset manager that collects the second‑largest fee amount. Securitize tokenizes real‑world assets for institutions and investors, earning the third‑largest fee total.
What stands out among the rest
Re stands out with a TVL of about $484 million and a modest fee flow, while its 7‑day TVL growth is positive at roughly 2 percent. USD AI shows a sharp TVL decline of about 41 percent, yet still collects over $161 k in fees. Huma holds a TVL near $338 million and operates on four chains. OnRe links on‑chain capital to reinsurance risk with a TVL of about $308 million. Plume Vaults spans five networks and delivers over $40 k in daily fees. OpenTrade, despite a modest fee intake, supports stablecoin yield products across three chains.
How the ranking works
COINMAG builds an activity score from total value locked, 24‑hour volume and 24‑hour fees, then orders the projects from highest to lowest. The data are refreshed weekly from live DefiLlama feeds, so rankings can shift as usage patterns change.
What to check before using a service
Read each platform’s official documentation, verify its security track record, understand the fee structure and confirm that the service complies with regulations in your jurisdiction. The ranking reflects only on‑chain activity numbers, not qualitative assessments.