Tokenized real-world belongings (RWA) have bucked the broader market downturn. The overall on-chain distributed RWA worth has almost quadrupled over the previous yr.
Regardless of rising competitors from Solana (SOL), Ethereum (ETH) continues to dominate the sector, accounting for greater than half the market share.
RWA Development Accelerates Regardless of Market Downturn
In keeping with knowledge from RWA.xyz, the worth of distributed RWAs reached an all-time excessive of $26.7 billion in March. On the time of writing, the determine stood barely decrease at $26.6 billion, up 309% from $6.5 billion a yr in the past.
Distributed RWA Worth. Supply: RWA.xyz
This sharp enlargement is especially notable given the broader market atmosphere. The cryptocurrency market has lately been characterised by excessive concern.
But, the continued rise in tokenized RWAs means that buyers are more and more turning to those belongings.
Holder counts have additionally climbed sharply in early 2026 throughout Ethereum, Solana, Arbitrum, BNB Chain, and extra. In truth, a earlier report by BeInCrypto highlighted that Solana surpassed Ethereum for the primary time by way of RWA holders.
In keeping with the newest knowledge, Solana hosts round 157,682 RWA holders, barely forward of Ethereum. Regardless of this shift in consumer exercise, Ethereum continues to dominate the broader RWA ecosystem.
The community at the moment accounts for greater than 57% of the distributed RWA market share and helps round 675 tokenization initiatives, reinforcing its place because the main infrastructure for institutional-grade tokenization.
Institutional curiosity in Ethereum has been strengthened by high-profile initiatives. For example, in December, JPMorgan launched its first tokenized money-market fund on Ethereum.
USDC utilization on #Ethereum simply hit an all-time excessive! 📈
Month-to-month switch quantity surpassed $1.7T in February 2026.
That is +250% year-on-year progress! 👏
Simply await what occurs over the approaching years when increasingly AI brokers transfer onchain.
The numbers we’re seeing proper… pic.twitter.com/K30KLp1vAO
— Leon Waidmann (@LeonWaidmann) March 10, 2026
Why Wall Road Nonetheless Picks Ethereum for Tokenization
However why do establishments favor Ethereum? Insights from BeInCrypto’s Skilled Council, which included representatives from Customary Chartered and Bitwise, recommend that that is much less about ideology and extra about institutional danger administration, consolation, and defensibility.
Geoff Kendrick, World Head of Digital Asset Analysis at Customary Chartered, argued that over the subsequent couple of years, a lot of the TradFi blockchain exercise is prone to happen on Ethereum.
“I feel Ethereum most likely wins for the subsequent couple of minutes on the again of TradFi getting concerned. As banks and different construct stuff on blockchain house, it’s virtually all going to occur on Ethereum for the subsequent couple of years, I feel,” stated Geoff Kendrick from Customary Chartered.
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In keeping with him, adoption of different networks could solely happen later, notably chains that provide decrease prices and quicker transactions, akin to Solana.
“I imply, there’s a reasonably simple saying in TradFi, which is if you happen to do one thing which is wise, it goes improper, you possibly can hold your job if you happen to do one thing much less wise, you most likely lose your job,” stated Geoff Kendrick advised BeInCrypto. “However I feel finally the subsequent couple of years, Ethereum will win that circulate from Tradfi and will outperform in token value as effectively.”
Whereas Etherem’s dominance amongst public chains is established, this raises a broader query of whether or not personal and permissioned blockchains might finally problem Ethereum’s early dominance.
Non-public or permissioned blockchains provide higher management, privateness, regulatory compliance, quicker transactions, and extra predictable prices, making them engaging for establishments.
Nevertheless, they commerce off the decentralization and openness that outline permissionless public blockchains. In keeping with Bitwise CIO Matt Hougan, establishments are prone to discover these extra managed blockchain environments.
He famous that many corporations are “placing their toes within the water.” Hougan prompt that there stays a chance that a few of these permissioned networks might finally acquire vital traction as institutional adoption evolves.
The approaching time will check whether or not Ethereum can keep its 57% share as competitors intensifies. For now, Wall Road’s choice stays clear.
The publish Ethereum Is Nonetheless Successful the Tokenization Race appeared first on BeInCrypto.
