Crypto Funding in August: $596M Total, RWA Coverage at 28.2%

The capital allocation shift toward RWA projects signals a maturing market preference for asset-backed tokenization over purely speculative infrastructure. This concentration suggests institutional or yield-seeking investors are driving the funding mix, which could accelerate regulatory and custody innovation in the space. The key watch is whether this RWA share sustains or dilutes as other sectors rebound, and whether the funding pace translates into measurable on-chain asset growth.