The total tokenized RWA market sits at $46B spread across 35 chains, and Ethereum's lead isn't close, it holds more RWA value than the remaining 34 chains combined.
$BNB is a distant second at under a quarter of Ethereum's share.
What's notable further down the list is $XLM and $ZK essentially tied for third, two chains with very different reputations, one built explicitly around payments and the other a general-purpose zkEVM, both carving out similar footholds in tokenized assets.
$BASE rounds out the top 10 at under 1% market share, a surprisingly small slice given how dominant the chain has been in other metrics like stablecoin settlement and smart wallet adoption this year.
NEW: The Solana Foundation has launched Solana DVP, an open-source atomic Delivery-versus-Payment standard designed for institutional securities settlement.
The initiative includes input from J.P. Morgan, adding further institutional expertise to Solana’s push into tokenized financial markets.
Solana DVP aims to enable securities and payments to settle atomically, helping make on-chain settlement more efficient, transparent, and programmable.
A notable step toward bringing traditional financial infrastructure further on-chain. $SOL
Hyperscale Data holds approximately $56.4 million in bitcoin, cash, and cash on October 4th, 2026. 美股速考 29 minutes ago Hyperscale Data holds approximately $56.4 million in bitcoin, cash, and cash on October 4th, 2026. $BTC
Ethereum is testing whether Glamsterdam can push Sepolia’s gas limit from 60M to 200M without compromising validator performance. The 3.3× capacity jump could materially expand @ethereum’s L1 execution headroom for DeFi and stablecoin activity. Here’s how $ETH is engineering the capacity jump. — — — ► Ethereum needs more block capacity Ethereum has steadily raised its gas limit from 30M in 2021 to 60M in 2025, rather than making one abrupt capacity jump. Now, Glamsterdam is testing 60M → 200M, a 3.33× increase in available block capacity. But 200M gas ≠ 3.33× TPS. Gas measures computational work, while actual throughput depends on execution complexity, state access, propagation, demand, and validator hardware. Block time remains 12 seconds. — — — ► Why not simply increase the gas limit? Larger blocks increase the load on validators, bandwidth, CPUs, storage, and block propagation. At 200M gas: • Old state pricing → ~380 GiB/year of state growth • New approach → ~120 GiB/year target That is why Glamsterdam combines higher capacity with parallel execution and better state economics. — — — ► ePBS: improve block production and propagation EIP-7732 moves proposer-builder separation into Ethereum’s protocol, reducing reliance on external MEV-Boost relays. Builder commits → proposer selects → payload revealed • Propagation window: ~2s → ~9s • Payload Timeliness Committee verifies timely payload reveal This gives validators more time to handle larger blocks as Ethereum increases capacity. — — — ► Block-Level Access Lists: parallelizing execution EIP-7928 lets blocks include the accounts, storage slots, and state changes touched by transactions. This enables: • Parallel disk reads • Parallel execution of non-conflicting transactions • Cheaper state-root computation 200M gas creates more work, while BALs help process that work in parallel, making larger blocks more practical. — — — ► State repricing: making higher capacity sustainable Higher block capacity means more state-changing activity, increasing the long-term burden on Ethereum nodes. State repricing separates the cost of creating new state from using existing state: • Existing-account transfers can become up to ~71% cheaper • New accounts and storage become more expensive This makes persistent state growth more economically sustainable. — — — ► Why the Prysm update matters Prysm v7.2.1 was released just before the Sepolia test because the previous version still defaulted to a 60M gas limit. • Prysm 7.2.0 → 60M default • Prysm 7.2.1 → 200M scheduled default • Teku 26.9.1 → 60M default Without the update, validators could have continued proposing smaller blocks and weakened the 200M capacity test. — — — ► devnet-11 already showed an early signal Before Sepolia, Ethereum tested the BAL path on devnet-11. • 2,302 BAL performance tests passed • 570.7B gas processed in 3m 15s • ~2.9B gas/s execution throughput • Gas limit moved from 60M → 200M without loss of finality However, 2.9B gas/s measures client execution throughput, not TPS. — — — ► The biggest operational risk: fake builders Under ePBS, builders bid → win the slot → reveal the payload. On Sepolia, attackers can create multiple builder identities, win slots with aggressive bids, and withhold the payload. This empty-payload griefing could disrupt the public rehearsal and interfere with testing the new builder pipeline. Client-side builder identity rejection was proposed as a mitigation. — — — The real test is whether Ethereum can scale L1 capacity without pushing validators beyond practical hardware limits. Glamsterdam is attacking that constraint through parallel execution, better block propagation, and sustainable state economics. If Sepolia holds at 200M gas, Ethereum gets a stronger case for materially higher L1 capacity.