Tokenized stocks just crossed $1.6 billion in total market capitalization, and Ethereum is running away with the lion’s share. The network holds 41.1% of the tokenized equities market, more than any other blockchain, as institutions increasingly settle real-world asset trades on-chain.

The chain-by-chain breakdown

Ethereum’s 41.1% market share puts meaningful distance between it and the competition. Solana sits at 29.6%, while BNB Chain rounds out the top three at 27.8%.

Ethereum’s security model and deep liquidity pools make it the path of least resistance for institutions that need to explain their technology choices to compliance departments. Solana offers speed and lower fees, BNB Chain brings its own user base, but when a fund manager is tokenizing millions in equities, “battle-tested” tends to win over “fast and cheap.”

Data from rwa.xyz pegs the total value of tokenized stocks at approximately $1.55 billion, reflecting a 32.95% increase over the prior 30 days. Monthly transfer volume stands at $3.48 billion.