Ethereum Holds 61% Share of $200B Tokenized Asset Market
Latest on-chain metrics indicate Ethereum accounts for nearly 61% of the tokenized asset market, with total tokenized value exceeding $200 billion. That concentration reflects broad issuer and developer adoption, deep liquidity in decentralized exchanges and lending markets, and integrations with custody and institutional plumbing that simplify issuance and trading.
Ethereum's dominance matters because it centralizes price discovery and liquidity for tokenized securities and stablecoins, making the network a primary venue for institutional and retail access. At the same time, the concentration raises questions about systemic and regulatory risk; rollups and EVM-compatible scaling are helping capacity, while cross-chain tokenization and sovereign platforms remain potential challengers. Market participants should watch L2 adoption and on-chain flow to see if Ethereum maintains share as tokenization expands.