Network strengthens dominance in RWA tokenization and institutional adoption
Ethereum’s stablecoin supply surged by $5 billion last week, averaging nearly $1 billion in inflows per day. The growth pushed the total stablecoin supply on the network to an all-time high of $165 billion, cementing Ethereum’s position as the leading blockchain for tokenized assets.
Ethereum’s stablecoin market dominance
According to Token Terminal, Ethereum’s stablecoin supply has more than doubled since January 2024. Competing data from RWA.xyz placed the figure slightly lower at $158.5 billion, also a record, giving Ethereum a 57% market share.
By comparison, Tron holds 27%, while Solana trails with less than 4%. The data underscores Ethereum’s role as the primary network for stablecoin issuance and settlement.
“The only way mass adoption of this technology happens is through actual, credibly neutral, and permissionless systems,” Ethereum educator Anthony Sassano said, emphasizing the network’s long-term value proposition.
Tokenized gold and RWAs reach record highs
The surge isn’t limited to stablecoins. Ethereum also hosts around $2.4 billion in tokenized gold, another all-time high. Year-to-date, the tokenized gold supply has doubled, giving Ethereum a 77% share of tokenized commodities, which climbs to 97% when Polygon is included.
Ethereum also dominates the tokenized U.S. Treasurys market, holding more than 70% of supply, making Treasurys the second-largest blockchain-based asset class after private credit.
Institutional adoption accelerates
Ethereum’s leadership in real-world asset (RWA) tokenization is drawing in major financial players. Fidelity recently launched a tokenized U.S. Treasurys fund on Ethereum, called the Fidelity Digital Interest Token (FDIT). The fund, which went live on September 1, has already accumulated $203.6 million in assets, according to RWA.xyz.
The rapid growth of tokenized assets has helped fuel a sharp rally in Ether. The cryptocurrency has gained over 200% since April, reaching an all-time high just below $5,000 in late August. Institutional treasuries have also accumulated nearly 4% of Ethereum’s total supply in just five months, reflecting growing confidence in the blockchain’s role in global finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.