Ethereum dominates RWAs with $4.1B in AUM value and 54.5% market share
The post Ethereum dominates RWAs with $4.1B in AUM value and 54.5% market share appeared on BitcoinEthereumNews.com.
Ethereum emerged top of the real-world assets table as the total value of assets under management grew by 10% in the past 30 days to $4.1B. Ethereum’s RWA market share also went up 3.39% to 54.5% as the number of RWA holders in the ecosystem increased 3.05% to 62.28K. RWA.xyz data also revealed that the number of RWA tokens issued on the Ethereum network had increased to 163. According to Christine Kim, the Vice President of Research at Galaxy Digital, 13 of the 20 financial institutions identified as having built crypto-specific infrastructure and applications were issuing RWAs on Ethereum and its L2s. Kim pointed out that more than 50 traditional companies including financial institutions like Deutsche Bank and Paypal and brands like Louis Vuitton and Adidas, were developing crypto-specific applications on Ethereum and its layer two (L2) networks. RWA.xyz data shows that Ethereum was the blockchain of choice for the issuance of tokenized assets with almost four times the total value of RWAs than the next most popular blockchain for RWAs, zkSync ($1.95B). Kim also noted that the types of RWAs issued on Ethereum so far range from money market funds like the Franklin OnChain U.S. Government Money Fund to government bonds issued by the likes of the European Investment Bank. Ethereum controls over half of the RWA market share Ethereum : driving mainstream with NFTs and RWAs#NFTs and #RWAs are emerging as the leading use cases for #Ethereum among traditional companies. On-chain gaming applications built on Ethereum L2s are driving frequent transactions, while rollups enable the creation of… pic.twitter.com/bE1v9Upc0k — Javier Molina (javiermolina.eth) (@Molina_Jorda) February 21, 2025 As per RWA.xyz data, Ethereum controlled 54.5% of RWA market share while zkSync Era was second with 26% market share and $1.95 billion in total value of assets under management. The largest…
Filed under: News - @ February 22, 2025 4:25 pm