Ethereum Dominates Tokenized Treasuries with 43% Market Share

Tokenized U.S. Treasuries have been expanding rapidly across various blockchains, but Ethereum remains the dominant player in this sector.

The total market size has reached $15.2 billion, with Ethereum accounting for $6.6 billion or roughly 43% of the market share despite growing competition from other chains like BNB Chain and Stellar.

Rivals such as Solana, Avalanche, and Stellar collectively add nearly $2.8 billion to the sector, indicating that institutions are adopting multiple settlement networks rather than relying on a single chain.

Ethereum's lead is largely due to its deeper liquidity, which supports settlement across various financial products within one ecosystem.