Ethereum's RWA market share declined 30 percentage points year-over-year to 40%, with Solana, BNB, Stellar, and Avalanche each gaining ~6 percentage points.
RWA & Tokenization ·
Ethereum commands over 40% of the real-world asset market capitalization, but its share has contracted by nearly 30 percentage points year-over-year. The decline reflects shifting competition in the tokenized asset space, where Solana, BNB, Stellar, and Avalanche have each gained approximately 6 percentage points of market share during the same period.
The move underscores growing adoption of RWA solutions—which tokenize physical assets like real estate, bonds, and commodities to enable on-chain yield access—across multiple blockchain networks rather than concentration on a single chain. The rebalancing suggests either competitive pressure on Ethereum's RWA ecosystem or faster growth rates on competing chains relative to Ethereum's existing base.
What remains unclear is whether this shift reflects active migration of assets, organic growth disparities, or changes in how market share is measured across chains. The underlying drivers and sustainability of this trend across individual competitors are not specified in available data.