71% of SPCXon trading routed through 1inch in first week

SpaceX RWAs attracted substantial interest when they were launched earlier this month. And a large share of Ondo’s SPCXon trading has been routed through 1inch.

Access is only part of the RWA story. Tokenized assets need markets. They need liquidity. And when liquidity is fragmented, they need execution infrastructure that can connect traders to the best available routes.

That is already visible with SPCXon, the SpaceX RWA issued by Ondo. In the first week since trading went live on June 12, 71% of SPCXon’s total trading volume of $9.87 mln was routed through 1inch, according to Ondo.

SpaceX RWAs moved from launch to liquidity

Earlier, 1inch explained how eligible users can trade SpaceX RWAs, including SPCXon, issued by Ondo.

SpaceX RWAs are tokenized instruments that provide exposure through issuer-specific structures, with their own terms, restrictions and eligibility requirements. The initial market activity involving SPCXon proves that RWAs are no longer just being issued on-chain. They are being traded through DeFi infrastructure.

Why routing matters for RWAs

RWA markets can be fragmented. Liquidity may sit across different venues, chains and pools. For traders, that can mean worse prices, higher price impact or more manual steps.

1inch helps solve this execution problem by finding efficient routes across available liquidity. Instead of checking separate venues manually, eligible users can access SPCXon through a familiar swap flow.

For new RWA markets, this matters. Better routing can help make tokenized assets easier to access and trade, while keeping the experience closer to standard DeFi swaps.

SPCXon shows the role of 1inch in tokenized markets

The fact that a large proportion of SPCXon trading has been routed through 1inch shows how important execution infrastructure is becoming for RWAs.

Issuers bring assets on-chain. But traders still need a practical way to reach liquidity.

That is where aggregation matters. 1inch connects users to available liquidity and helps route trades efficiently across DeFi. As more real-world assets become tokenized, this layer can become even more important.

RWAs need more than issuance

The RWA market is often discussed through the lens of tokenization. But issuance alone is not enough.

For tokenized assets to become useful, people need to be able to find them, evaluate them and trade them with clear execution conditions.

SPCXon is an early example of that next phase. It shows how tokenized exposure, issuer infrastructure and DeFi routing can work together in a live market.

A new market structure is taking shape

SpaceX RWAs have brought attention to tokenized private-market exposure. But the broader trend is larger than one asset.

More traditional assets are moving on-chain. As that happens, liquidity, routing and execution will become central to the user experience. 1inch is already helping power that layer.

Explore available DeFi opportunities on 1inch!

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