Ethereum Dominates $349 Billion Onchain Tokenized Asset Market

The combined market for onchain tokenized assets and stablecoins reached $349.2 billion across 50 blockchain networks as of October 5. Ethereum dominated the space with a 53.2% share, holding $185.8 billion in value. Tron followed with $94.2 billion, while Solana, BNB Chain, and HyperEVM held $18.2 billion, $9.3 billion, and $7 billion, respectively.

The total market capitalization saw a modest increase of 0.6% over the past 30 days and 1.1% over 90 days. The number of holders grew by 3.3% over 30 days and 11.2% over 90 days, reaching 315.5 million. The DeFi total value locked associated with these assets stood at $28.7 billion, up 7.8% over 30 days and 26.7% over 90 days. However, 24-hour decentralized exchange volume declined by 58.2% over 30 days and 28.4% over 90 days, totaling $3.5 billion.

Other notable chains included Base with $5.2 billion, Arbitrum One with $4.7 billion, and Stellar with $3.8 billion. The remaining chains collectively held $6.1 billion. Over the past 30 days, Arc, Tempo, and HyperEVM added the most market capitalization, with Arc leading at $508.3 million.

A Visa survey in Asia Pacific found that 46% of consumers were likely to use stablecoins within the next five years, with 16% having used them in the past 12 months. Potential uses included online shopping, travel spending, and cross-border payments. About 49% believed stablecoins could become a common method for moving money across countries within five years.

Separately, Token Terminal data as of September 24, 2026, showed the market capitalization of tokenized real-world assets at $46 billion across 35 chains. Ethereum held the largest share at $22.2 billion, followed by BNB Chain with $5.5 billion. The latest $349.2 billion figure incorporates both tokenized real-world assets and stablecoins issued onchain.