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By The Numbers #2
- 889Digital
- Dec 9, 2025
- 2 min read
Week of December 8, 2025
Executive Summary
This week continues the development of a baseline view of the on-chain tokenized real estate market using DeFiLlama’s Real Estate category. RealT remains the dominant protocol in the dataset, holding approximately 46% of tracked assets. Market concentration continues to be high, with the top three protocols representing 87.3% of total on-chain assets.
Dataset
Data for this report is sourced from the DeFiLlama Real Estate category. This dataset does not track major tokenization platforms such as Figure, Securitize, Reental, and Blocksquare, and includes only the protocols listed under DeFiLlama’s Real Estate filter—not the full real-estate tokenization ecosystem.
Top KPIs
Metric | Value |
Total Real Estate Market Value | $339.68M |
Weekly Change | +0.79% |
Top Protocol Market Share (RealT) | 45.7% |
CR3 (Top 3 Concentration Ratio) | 87.3% |
Top 5 Market Share (Combined) | >95% |
Leaderboard — Top 5 Protocols
Top 5 Protocols Weekly Change
Estate protocol coming in HOT!
Estate Protocol got a massive injection with an 11.64% increase in Total Assets!
Market Value
CR3 Market Concentration Chart
Notable Platforms Not Included
Major real estate tokenization platforms not reflected in this dataset include:
Blocksquare
Reental
Figure
Securitize
Propchain
EstateX
Parcl (synthetic real estate)
CitaDAO
These platforms significantly expand the true market size beyond what is visible on-chain through DeFiLlama.
Weekly Insights
Estate Protocol received a massive increase in market share with an +11.64% increase.
RealT continues to lead the on-chain market, representing approximately 46% of tracked assets.
Market concentration remains high, with the top three platforms accounting for 87.3% of total assets.
Then overall pace of the growth in the market remains steady with an increase of +0.79%
The true scale of tokenized real estate remains significantly larger than the values shown here. Access to relevant datapoints remains evasive.
Featured Project
Read last week’s featured project analysis:
Blockchain Realty Report
Read last week’s full market commentary:
Footer Disclaimer
This report reflects only the subset of tokenized real-estate protocols tracked by DeFiLlama. The broader tokenized real-estate ecosystem includes additional platforms and off-chain activity not captured in this dataset. All values are approximate and based on weekly manual snapshots.
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