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On-chain RWA market capitalization grows to $65 billion

MeNews
ME News message: On May 20 (UTC+8), the on-chain RWA market capitalization has exceeded $65 billion, up about 44% from roughly $45 billion at the beginning of the year. Ethereum currently accounts for about 33% of market share and is the main deployment network for institutional tokenized assets; Provenance Blockchain accounts for about 27%, while BNB Chain, XRP Ledger, and Solana each account for about 6%. The report notes that as traditional asset management institutions accelerate the push to put assets on-chain, various public chains are competing around institutional issuers, and RWA liquidity is highly “sticky.” Once an institution completes the deployment of tokenization infrastructure on a particular chain, migration costs are typically high. (Source: MLion)
RWA-2.40%
ETH-3.11%
BNB-1.71%
XRP-1.42%
SOL-2.27%
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