Ethereum leads $65 billion RWA race as blockchains compete for institutional tokenization flows
The Block
The real-world asset market has reached $65 billion, with Ethereum currently leading as the preferred chain for institutional tokenization efforts.Summary
The market for real-world assets (RWA) has grown to $65 billion, representing a 44% increase this year as traditional finance firms shift assets on-chain. Ethereum currently leads the sector with a 33% market share, favored for its liquidity and mature infrastructure.
Provenance Blockchain follows with 27%, while other networks like BNB Chain, XRP Ledger, and Solana are actively competing for institutional adoption. Because switching costs for RWA infrastructure are high, chains that capture early institutional participants are likely to gain long-term competitive advantages as the industry scales.
(Source：The Block)