Last updated on May 13th, 2026 at 12:42 pm
The price of Centrifuge ($CFG), a prominent DeFi protocol focused on Real-World Assets (RWA), recently experienced a massive surge of over 180%. This significant price rally was triggered by the official announcement from Upbit, South Korea’s largest cryptocurrency exchange, confirming the listing of the $CFG token across its KRW, BTC, and USDT trading pairs.
Data from CoinMarketCap shows that the token’s value jumped from approximately $0.38 to a peak of $1.08 within hours of the news. Prior to this, Centrifuge (CFG) had already seen a 99.79% surge to $0.170 in 24 hours, dramatically outpacing the 3.69% overall market rise.
This earlier momentum was fueled by an enormous 6,355% explosion in trading volume, reaching $103 million, suggesting intense buying pressure and potential major accumulation. The initial rise was also supported by Bitcoin’s 4.05% gain and a possible resurgence of interest in Real-World Asset (RWA) protocols. Near-term price analysis suggested that holding above the $0.155–$0.160 range could set a target of $0.185, while a drop below $0.145 might indicate profit-taking toward $0.130.
Market reaction and RWA momentum
The surge in $CFG is not just a result of the “listing effect” but also reflects a broader trend in the Web3 industry. Real-world asset tokenization involves bringing off-chain assets such as invoices, real estate, or carbon credits onto the blockchain to be used as collateral in DeFi.
Related: Asset Tokenization: A Top Use Case of Blockchain in Finance
Centrifuge has been at the forefront of this movement, allowing businesses to access liquidity without relying on traditional banks. The protocol’s ability to bridge the gap between traditional finance (TradFi) and decentralized ecosystems has made it a favourite for investors looking for “signal-rich” projects with tangible use cases.
Growth of the Centrifuge ecosystem
This listing comes on the heels of several major developments for the protocol. In late 2025, Centrifuge launched its “Liquidity Rewards” program, which successfully attracted over $500 million in Total Value Locked (TVL). Additionally, the project recently integrated with Layer 1 networks like Ethereum ($ETH) and Solana ($SOL) to enhance cross-chain interoperability for its tokenized asset pools.
The RWA sector is a focus for regulators and institutional investors. This is supported by new institutional partnerships, like STBL’s RWA-backed stablecoin launch on X Layer with Hamilton Lane and OKX Ventures, bridging traditional and decentralized finance.
Despite some early profit-taking, Centrifuge’s token maintains strong support above $0.85 after its 180% surge. The Upbit listing is expected to boost adoption of the Centrifuge dApp, drawing more users seeking yield from real-world credit markets.
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