Ethereum Dominates RWA Market with 56.6% Share

Ethereum dominated the real-world asset (RWA) market in terms of total value locked (TVL), holding $15.1 billion, which accounted for a whopping 56.6% of the $26.6 billion market across 20 chains. This is according to data from Token Terminal.

The second-largest contributor was zkSync Era with $4.2 billion in TVL, followed by Avalanche at $1.9 billion and Solana at $1.8 billion. The overall TVL figure has increased by a significant 174.6% since 2024.

However, the distribution of monthly active addresses differs from the TVL breakdown. Robinhood Chain accounted for 88.9% of the total with 4.9 million addresses, followed by BNB Chain with 341.5K addresses.