Ethereum Dominance Challenged as Solana Gains Ground in Tokenized Finance

Ethereum dominates nearly 70% of RWA lending deposits used in crypto lending protocols.

The dominance occurs despite a growing market for tokenized finance, which has increased by about 220% over one year.

RWAs are being increasingly used as collateral or yield products, and Ethereum benefits from its mature infrastructure that can accommodate significant capital.

Solana is gaining ground in spot trading of RWAs, becoming a main rival to Ethereum's dominance.