Ethereum Dominates RWA Tokenization with $5.8 Billion in Assets, Leaving Competitors Behind

• Ethereum and its Layer 2 ecosystem account for 86% of all RWAs on the blockchain.
• Ethereum alone accounts for $3.8 billion, with zkSync Era contributing $2 billion.
• Other blockchains, including Stellar, Solana, and Polygon, have much smaller shares.

Ethereum and its Layer 2 ecosystem account for 86% of all real-world assets (RWAs) on the blockchain, according to the latest data from RWA.xyz. The total RWA value on Ethereum and zkSync Era alone amounts to $5.8 billion, leaving other blockchain networks far behind.

Ethereum’s $3.8 billion RWA holdings make it the largest platform for tokenized real-world assets. Meanwhile, zkSync Era, an Ethereum Layer 2 solution, adds $2 billion to the total. These figures show Ethereum’s continued dominance in blockchain-based financial infrastructure.

Competitors Lag Behind

While Ethereum leads the market, other blockchains play a smaller role in RWA tokenization. Stellar holds $302.70 million, and Polygon manages $181.50 million. 

Further down the list, Solana holds $135.40 million, and Avalanche has $132.30 million. Notably, Binance Smart Chain (BSC) holds zero RWA value, showing a lack of adoption in this sector.

Why Ethereum is Winning

Ethereum’s success in RWA tokenization comes from its strong smart contract ecosystem, security, and network effects. Institutional adoption of Ethereum-based RWAs has surged. Tokenized bonds, real estate, and commodities are increasingly moving on-chain.

Related: From Whisky to Real Estate: Solana’s Wild World of Tokenized Assets

Layer 2 networks like zkSync Era further enhance Ethereum’s scalability. They offer lower fees and faster transactions while maintaining security through Ethereum’s base layer.

Solana Joins the RWA Race

In a related development, Solana is making a strategic push into RWA tokenization with Securitize’s integration. It aims to provide institutional investors with low-cost, high-speed transactions.

In an announcement on X, Head of Institutional Growth at the Solana Foundation Nick Ducoff said that Securitize’s expansion onto Solana represents another milestone in bringing institutional-grade financial products on-chain.

Apollo Tokenizes $1.2 Billion Credit Fund Across Six Chains

Meanwhile, RWA.xyz also reported that Apollo, a $730 billion investment giant, has launched ACRED, a tokenized version of its Diversified Credit Fund, across Ethereum, Solana, Avalanche, Polygon, Ink, and Aptos.

Related: Ethereum’s Bullish February Narrative: Will Continue Forward or Change?

The fund offered an 11.7% yield in 2024, marking one of the largest institutional RWA tokenization efforts. Ethereum remains a primary choice for tokenization, but the fund’s multi-chain approach shows the growing interest in alternative networks.