Ethereum added around $ 5 billion to new stablecoins over the past week, pushing the total supply of stablecoins to the network at a high time.
Stablecoin supply to Ethereum has been more than double since January 2024 and reached a full time $ 165 billion, token terminal reported On Sunday.
The figures differ a little depending on the data provider, as rwa.xyz Report A total of $ 158.5 billion in Ethereum based on stablecoins, which is also a high time, giving the network a market distribution of 57%.
Ethereum is the network of choice for stablecoins. The next closest competitor, Tron, has a market part of 27%, while Solana, in third place, has less than 4%.
Tokenized gold in Ethereum Surge
Stablecoins are not the only financial instruments that have been flooded in Ethereum, as the network has also seen a full time high in tokenized volume gold.
Currently around $ 2.4 billion worth of tokenized gold at Ethereum, according to the token terminal.
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Tokenized gold supply doubled in the year-to-date and currently all the time, it reported on Saturday.
RWA.zyx reported that Ethereum had a 77% dominance in the market for tokenized goods, and a higher part of 97% when included in the Layer-2 Polygon network.
Ethereum also has more than 70% of the tokenized US Treasurys market, which is the second largest owner to move to the blockchain behind private credit.
The advantage of Ethereum’s tokenization
This RWA tokenization The narrative has driven the ether (Eth) Prices over 200% from April to a full time high below just $ 5,000 on August 24th.
It is also that the ether’s rapid accumulation of treasury corporations, which has risen about 4% of the entire supply in just five months.
Ethereum mentor Anthony Sassano Says This weekend is due to “believable neutrality,” which is primarily in Ethereum.
“The only way the mass of this technology is adopted is by the actual, believable neutral, and unauthorized systems that no one owns and does not associate with any single creature.”
New funds are tokenized in Ethereum
Global financial institutions are also racing to bring in their products, which are many selective in Ethereum.
“Honesty, the third largest manager of owner in the world, has launched a tokenized US Treasurys fund at Ethereum,” Says Sassano on Monday.
The token of interest of digital loyalty (FDIT) It appears that OnChain is launched on September 1 and currently has $ 203.6 million in the total amount of owner, According to To RWA.XYZ.
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