BNB Chain Dominates On-Chain Equities Market as Tokenized RWA Growth Surges

Binance Research has published its latest report on the first half of 2026, documenting significant changes in the on-chain market. Despite Ethereum's usage increasing by approximately 50% this year, chain revenue is projected to fall 53% for the full year.

A key finding from the report is that BNB Chain captured a leading share of tokenized equities trading volume, with on-chain tokenized stock trading volume passing US$4.5B in July, approximately 83% of the market.

The growth of tokenized RWAs has been particularly notable, rising more than 50% to around US$34B by mid-July. Tokenized stocks and private equity were the fastest-growing categories, with year-to-date increases of 177% and 164%, respectively.