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DappsAtlas index · 14,224 dApps

DappsAtlas

Best of · Ethereum · Updated

The best RWA Lending dApps on Ethereum in 2026

We track 6 RWA Lending dApps that run on Ethereum and have reviewed 5 of them in full. Our top pick is Aave Horizon RWA. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    Aave Horizon RWA logo

    Aave Horizon RWA

    RWA Lending · Ethereum

    Aave Horizon RWA is a specialized Aave lending market on Ethereum where qualified users borrow stablecoins against tokenized real-world assets. It carries sizable TVL, but access and risk differ from the standard Aave markets.

    Read the Aave Horizon RWA reviewVisit Aave Horizon RWA(opens in a new tab)
    ScoreScore 7.0 out of 10
    TVL $219M+0.4%
  2. 2
    Travessia Credit logo

    Travessia Credit

    RWA Lending · Ethereum, Avalanche, Polygon +2

    Travessia Credit is an on-chain credit platform for invoice-backed trade finance, linking institutional capital with verified businesses. Its homepage reports large cumulative funding, but on-chain TVL is small and key details are unpublished.

    Read the Travessia Credit reviewVisit Travessia Credit(opens in a new tab)
    ScoreScore 5.8 out of 10
    TVL $1.43M+0.3%
  3. 3
    EthicHub logo

    EthicHub

    RWA Lending · Ethereum, Celo, xDai

    EthicHub is a ReFi project that connected lenders to smallholder coffee farmers and now also sells traceable specialty green coffee in Europe. Its on-chain footprint is small, so treat it as an impact-focused niche rather than a mainstream yield venue.

    Read the EthicHub reviewVisit EthicHub(opens in a new tab)
    ScoreScore 5.2 out of 10
    TVL $185−25.9%
  4. 4
    TProtocol V2 logo

    TProtocol V2

    RWA Lending · Ethereum

    TProtocol V2 is an Ethereum-based RWA lending protocol that promotes T-bill yield and DAO-governed onboarding of tokenized assets. Its tracked TVL is very small, so treat it as a niche, higher-risk product.

    Read the TProtocol V2 reviewVisit TProtocol V2(opens in a new tab)
    ScoreScore 5.0 out of 10
    TVL $32.9K+0.1%
  5. 5
    NAOS Finance logo

    NAOS Finance

    RWA Lending · BNB Chain, Ethereum

    NAOS Finance is a DeFi lending protocol on Ethereum and BNB Chain that tokenizes real-world assets as NFTs so SMEs can borrow from crypto lenders. Its on-chain footprint is now very small, so treat it as a high-risk, niche product.

    Read the NAOS Finance reviewVisit NAOS Finance(opens in a new tab)
    ScoreScore 4.0 out of 10
    TVL $19.0K+0.9%
  6. 6
    Bondlink Finance logo

    Bondlink Finance

    RWA Lending · Ethereum

    Bondlink Finance is described as infrastructure for stablecoins backed by private lending opportunities in emerging economies. Product mechanics, user access, and key risk details are not established, so users should seek clear documentation before considering it.

    Read the Bondlink Finance review
    ScoreNot rated yet
    TVL $152K0.0%

RWA Lending dApps on Ethereum: the numbers

Tracked
6
Reviewed
6
Total TVL
$221M
Avg. score
5.4/10

The DappsAtlas index lists 6 RWA lending dApps on Ethereum. Every one of them has a full review. Combined, they lock $221M, counting value on every chain they support. Aave Horizon RWA dominates, with 99% of that total. The top five account for 100%, while the median RWA lending dApp holds $32.9K.

Ranked by TVL, Aave Horizon RWA ($219M), Travessia Credit ($1.43M) and Bondlink Finance ($152K) lead the field. On DappsAtlas scores, Aave Horizon RWA ranks first at 7.0/10, ahead of Travessia Credit (5.8) and EthicHub (5.2). That makes Aave Horizon RWA both the biggest and the best-rated. The 5 rated RWA lending dApps average 5.4/10, and none scores 8 or above yet.

All 4 with a confirmed status are active. In the past week, total value locked was roughly flat (+0.4%). Aave Horizon RWA gained the most (+0.4%).

Largest by TVL

  1. 1Aave Horizon RWA logoAave Horizon RWA$219M
  2. 2Travessia Credit logoTravessia Credit$1.43M
  3. 3Bondlink Finance logoBondlink Finance$152K
  4. 4TProtocol V2 logoTProtocol V2$32.9K
  5. 5NAOS Finance logoNAOS Finance$19.0K

Highest rated

  1. 1Aave Horizon RWA logoAave Horizon RWA7.0
  2. 2Travessia Credit logoTravessia Credit5.8
  3. 3EthicHub logoEthicHub5.2
  4. 4TProtocol V2 logoTProtocol V25.0
  5. 5NAOS Finance logoNAOS Finance4.0

Method

How we ranked them

Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

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Frequently asked questions

What is the largest RWA lending dApp on Ethereum by TVL?

Aave Horizon RWA is the largest RWA lending dApp on Ethereum by total value locked, with $219M across all the chains it supports. It is followed by Travessia Credit ($1.43M) and Bondlink Finance ($152K). TVL figures come from DefiLlama and change daily.

Which RWA lending dApp on Ethereum has the highest DappsAtlas score?

Aave Horizon RWA has the highest score at 7.0/10, ahead of Travessia Credit (5.8) and EthicHub (5.2). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many RWA lending dApps on Ethereum has DappsAtlas reviewed?

DappsAtlas tracks 6 RWA lending dApps on Ethereum. Of these, 6 have a full review and 6 report value locked, $221M in total, counting value on every chain they support.

Which RWA lending dApps on Ethereum grew the most this week?

Among RWA lending dApps with at least $1M locked, Aave Horizon RWA had the biggest 7-day TVL gain (+0.4%). Combined TVL moved +0.4% over the same seven days.

What is the average score for RWA lending dApps on Ethereum?

The 5 rated RWA lending dApps on Ethereum average 5.4 out of 10. Of these, 0 score 8 or higher and 1 score below 5.