[Tokenized on-chain “real-world assets” have surged to $46.7 billion, with Ethereum taking half on its own 📈]
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Tokenized on-chain real-world assets hit $46.7 billion just a day ago. Over three years, the entire pie has ballooned by 17.4x. What’s rising isn’t new coins, but credit funds, gold, and tokenized stocks.
First, sort out two things: one is issuance, and the other is whether it can actually be used. In the issuance layer, $6.4 billion went into credit funds, and $5.1 billion went into gold. But what truly ends up in on-chain DeFi liquidity is only $3.6 billion.
The part really worth looking at is the concentration among issuers. The top three issuers account for only $4.6 billion, $4.5 billion, and $3.5 billion, respectively. No one exceeds a 10% market share—the leaders are just $100 million apart.
For crypto, the money going on-chain is now being swapped into a new batch of funding sources. Ethereum alone takes 49.1%, nearly $22.9 billion. Over the past 30 days, Solana has also added another $260 million.
Do you think this tokenization wave reflects real demand coming in, or concept-driven hype? Let’s chat in the comments.
Join the X Mr. fan group on the homepage 🔥
Tokenized on-chain real-world assets hit $46.7 billion just a day ago. Over three years, the entire pie has ballooned by 17.4x. What’s rising isn’t new coins, but credit funds, gold, and tokenized stocks.
First, sort out two things: one is issuance, and the other is whether it can actually be used. In the issuance layer, $6.4 billion went into credit funds, and $5.1 billion went into gold. But what truly ends up in on-chain DeFi liquidity is only $3.6 billion.
The part really worth looking at is the concentration among issuers. The top three issuers account for only $4.6 billion, $4.5 billion, and $3.5 billion, respectively. No one exceeds a 10% market share—the leaders are just $100 million apart.
For crypto, the money going on-chain is now being swapped into a new batch of funding sources. Ethereum alone takes 49.1%, nearly $22.9 billion. Over the past 30 days, Solana has also added another $260 million.
Do you think this tokenization wave reflects real demand coming in, or concept-driven hype? Let’s chat in the comments.
