Ethereum dominates RWA tokenization with $23.3B of the $44.7B market, followed by BNB Chain and zkSync Era.
RWA & Tokenization ·
Ethereum accounts for $23.3 billion of a $44.7 billion real-world asset tokenization market, according to current measurements. BNB Chain holds the second-largest share at $5.7 billion, while zkSync Era captures $3.3 billion. Across the ecosystem, 32 blockchains are now engaging in RWA tokenization.
The concentration underscores Ethereum's continued dominance in infrastructure for tokenized real-world assets, a sector that bridges traditional finance instruments with blockchain settlement. The remaining capital is distributed among the other 29 chains competing for adoption in this emerging use case.
It remains unclear whether the observed distribution reflects developer preference, institutional deployment patterns, regulatory accessibility, or transaction costs. No timeline for potential shifts in market leadership among the 32 chains has been established.