The on-chain RWA market value has surpassed 65 billion USD, with Ethereum holding about one-third of the market share
According to The Block, the on-chain RWA market capitalization has exceeded $65 billion, an increase of about 44% from approximately $45 billion at the beginning of the year. Among them, Ethereum currently holds about 33% market share and remains the primary deployment network for institutional tokenized assets; Provenance Blockchain accounts for about 27%, while BNB Chain, XRP Ledger, and Solana each account for about 6%.
The report points out that as traditional asset management institutions accelerate the push for asset tokenization on-chain, various public chains are competing around institutional issuers. The liquidity of RWA is highly sticky; once institutions complete the deployment of tokenization infrastructure on a specific chain, the cost of migration is usually high.
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