BlackRock Highlights Ethereum’s Role in Tokenization Amid Market Share Fluctuations
- BlackRock’s report indicates that over “65%+” of tokenized assets are on Ethereum.
- As of January 22, Ethereum’s market share for tokenized real-world assets (RWAs) was approximately “59.84%” with a total value of around $12.8 billion.
- The total value of Ethereum’s network, excluding stablecoins, was reported at $13,433,002,447 as of January 21.
- Leading rollups on Ethereum hold significant value, with Arbitrum One at $17.52 billion and Base at $12.94 billion.
- Citi projects stablecoin issuance could reach between $1.9 trillion and $4 trillion by the year 2030.
BlackRock’s analysis positions Ethereum as a foundational layer for tokenization but highlights potential risks from competing chains and rollups that may dilute its market share and fee capture capabilities.
With Ethereum holding about “59.84%” of the RWA market share as of late January, the evolving landscape emphasizes the importance of settlement locations and organic usage in determining future demand for ETH.(Source)
