Ethereum emerged prime of the real-world property desk as the entire worth of property below administration grew by 10% prior to now 30 days to $4.1B. Ethereum’s RWA market share additionally went up 3.39% to 54.5% because the variety of RWA holders within the ecosystem elevated 3.05% to 62.28K.
RWA.xyz knowledge additionally revealed that the variety of RWA tokens issued on the Ethereum community had elevated to 163.
Based on Christine Kim, the Vice President of Analysis at Galaxy Digital, 13 of the 20 monetary establishments recognized as having constructed crypto-specific infrastructure and purposes had been issuing RWAs on Ethereum and its L2s. Kim identified that greater than 50 conventional corporations together with monetary establishments like Deutsche Financial institution and Paypal and types like Louis Vuitton and Adidas, had been growing crypto-specific purposes on Ethereum and its layer two (L2) networks.
RWA.xyz knowledge exhibits that Ethereum was the blockchain of alternative for the issuance of tokenized property with nearly 4 occasions the entire worth of RWAs than the subsequent hottest blockchain for RWAs, zkSync ($1.95B).
Kim additionally famous that the forms of RWAs issued on Ethereum thus far vary from cash market funds just like the Franklin OnChain U.S. Authorities Cash Fund to authorities bonds issued by the likes of the European Funding Financial institution.
Ethereum controls over half of the RWA market share
Ethereum : driving mainstream with NFTs and RWAs#NFTs and #RWAs are rising because the main use circumstances for #Ethereum amongst conventional corporations.
On-chain gaming purposes constructed on Ethereum L2s are driving frequent transactions, whereas rollups allow the creation of… pic.twitter.com/bE1v9Upc0k
— Javier Molina (javiermolina.eth) (@Molina_Jorda) February 21, 2025
As per RWA.xyz knowledge, Ethereum managed 54.5% of RWA market share whereas zkSync Period was second with 26% market share and $1.95 billion in whole worth of property below administration. The most important tokenized asset inside the Ethereum blockchain as of the time of publication was Tether’s USDT stablecoin with a market share of 58.37%, adopted by Circle’s USDC with 29% market share.
Kim claimed that the worth of RWAs issued on Ethereum alone had quadrupled over the previous yr. A subset of economic establishments engaged on RWAs and tokenization inside the community had been additionally growing their very own stablecoins equivalent to PayPal’s PYUSD. RWAs and stablecoins had been crypto-native use circumstances “discovering product market match” amongst conventional monetary establishments, Kim added.
Based on Kim, the anticipation of a crypto-friendly regulatory surroundings within the U.S. was among the many elements boosting RWA and stablecoin adoption. Ethereum remained the go-to blockchain for issuing RWAs and stablecoins amongst conventional finance corporations. She additionally famous that key partnerships and acquisitions established in 2024 had been anticipated to lead to new strides of adoption for stablecoins in 2025.
The institutional adoption of Ethereum-based RWAs surged as tokenized bonds, actual property, and commodities had been more and more shifting on-chain.
Opponents within the RWA market lag far behind
RWA.xyz knowledge confirmed that different blockchains performed a smaller position in RWA tokenization as zkSync Period’s whole RWA worth stood at $1.9 billion and Stellar’s whole RWA worth stood at $405.17 million. Aptos and Polygon had the fourth and fifth-highest whole RWA values at $335.5 million and $192.9 million respectively. Additional down the record had been Avalanche, with a complete RWA worth of $143.85 million, Solana with $135.75 million, and Arbitrum with $77.47 million.
Galaxy’s analysis reported that Ethereum’s success in RWA tokenization got here from its sturdy good contract ecosystem, safety, and community results. Institutional adoption of ETH-based RWAs additionally surged as tokenized bonds, actual property, and commodities had been more and more shifting on-chain. Layer 2 networks like zkSync Period additional enhanced Ethereum’s scalability, providing decrease charges and sooner transactions whereas sustaining safety by the bottom layer.
Nick Ducoff, the top of institutional progress on the Solana Basis, mentioned that Solana was making a strategic push into RWA tokenization with the Securitize integration aiming to offer institutional traders with low-cost, high-speed transactions. He claimed that Securitize’s growth onto Solana represented one other milestone in bringing “institutional-grade monetary merchandise on-chain.”
