Tokenized Asset Market Hits $349 Billion, Dominated by Ethereum and Tron
The global market for tokenized assets has reached a valuation of $349.2 billion, spread across 50 tracked blockchains. However, this substantial figure masks a significant concentration of power, with Ethereum and Tron collectively controlling 80.2% of the total market share.
Ethereum stands as the dominant force, boasting $185.8 billion in tokenized assets and commanding a 53.2% market share. Tron follows closely behind, holding $94.2 billion, which equates to 27% of the market. Together, these two networks far outpace their competitors.
Solana occupies the third position with $18.2 billion, representing a 5.2% share. BNB Chain accounts for 2.6% of the market. Other notable players include HyperEVM, Base, and Arbitrum One, with market shares of 2%, 1.5%, and 1.3%, respectively, painting a picture far from a evenly distributed multichain landscape.
Beneath the headline valuation, the market shows signs of broader engagement. The number of tokenized asset holders has climbed to 315.5 million, marking a 3.3% increase over the past 30 days and an 11.2% rise over 90 days.
Decentralized finance (DeFi) activity also appears robust, with $28.7 billion locked in DeFi protocols, representing 8.2% of all tokenized assets. Total Value Locked (TVL) in DeFi has seen a 7.8% increase over 30 days and a significant 26.7% surge over 90 days.
In contrast, the 24-hour decentralized exchange (DEX) volume tells a different story, standing at $3.5 billion. This figure indicates a decline, with trading volume down 58.2% over 30 days and 28.4% over 90 days.
Perhaps the most intriguing developments are emerging from smaller networks. Arc has seen a substantial inflow of $508.3 million in the last 30 days, closely followed by Tempo with $501 million and HyperEVM with $500.5 million. While these gains do not challenge Ethereum’s overwhelming dominance, they highlight areas where fresh capital is being deployed within the tokenized asset market. Ethereum continues to be the undisputed leader, but newer execution environments are demonstrating notable short-term growth.
