Tokenized Fund Market Hits $34.7B as Ethereum Loses Sole Dominance
The tokenized fund market has reached a new milestone of $34.7 billion in value. This growth is attributed to Ethereum, which dominates the space with a market value of $17.7 billion. However, other blockchain chains such as BNB Chain, zkSync Era, Stellar, Solana, Avalanche, and Injective are gaining traction.
These newer or less dominant blockchains now account for nearly one-third of the market's value, indicating a shift towards a multi-chain ecosystem driven by institutional interest and specialized blockchain features. This diversification is beneficial as different chains offer unique advantages such as lower fees, faster transactions, or tailored compliance environments, attracting major asset managers and expanding the market's reach.
Ethereum's dominance remains strong when including Layer 2 solutions like zkSync Era, indicating ongoing innovation in the space.