On-Chain RWA Market Value Surpasses $65 Billion

The market value of on-chain Real World Assets (RWA) has exceeded $65 billion, marking a 44% increase from approximately $45 billion at the beginning of the year. According to ChainCatcher, Ethereum currently holds about 33% of the market share, maintaining its position as the primary network for institutional tokenized assets. Provenance Blockchain accounts for around 27%, while BNB Chain, XRP Ledger, and Solana each hold about 6%. The report highlights that as traditional asset management institutions accelerate the process of bringing assets on-chain, various blockchains are competing to attract institutional issuers. The liquidity of RWA is notably sticky, as once institutions establish tokenization infrastructure on a specific chain, the cost of migration is typically high.