“Ethereum is winning the war for real-world assets, and nothing is close,” said Ryan Sean Adams from Bankless on Monday.
The network currently has a 57% market share of RWA on-chain value, including stablecoins, and that number is even higher when Ethereum layer-2 networks are included.
Adams said that RWAs are a network effect game, liquidity begets liquidity, and institutions go where there is liquidity.
Impressive Statistics
The numbers speak for themselves, with Ethereum taking a commanding market lead over rival chains for on-chain RWA value, which is currently at an all-time high of $28.5 billion (excluding stablecoins).
The stablecoin supply on Ethereum is also at a record high of over $160 billion, with around $5 billion being added last week, according to Token Terminal.
Adams pointed out that when layer-2 and EVM networks are included, the Ethereum share surges to 95%. Newer stablecoin-focused networks, such as Stripe Tempo, Circle Arc, and Plasma Tether, are all Ethereum
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