Ethereum strengthening lead in market: rivalry lacking odds for success

Ethereum continues to be the go-to harbor for digital capital, leading the way in the revolution of real assets. With an impressive 57 percent market share, Ethereum controls the majority of the entire stablecoin market, leaving its closest competitor, Tron, with a mere 27 percent.

In the tokenization of US government bonds, Ethereum holds over 70 percent market share, making it the unshakable foundation for the digitalization of real assets. The tokenization of US government bonds on Ethereum is the second-largest sector after private loans.

Ethereum's dominance extends beyond stablecoins and delves into the realm of "real-world assets" (RWAs) - the digitalization of tangible assets. The digitalization of tangible assets on Ethereum is seeing significant growth and development, with the amount of tokenized gold on the Ethereum blockchain doubling since the beginning of the year, reaching an all-time high of around 2.4 billion dollars.

The institution closely associated with the largest amount of digitized gold reserves stored on the Ethereum blockchain is World Liberty Financial (WLFI), which plans to build a multi-billion-dollar treasury strategy by acquiring tokens worth $1.5 billion via its partner ALT5 Sigma.

Ethereum's dominance in the stablecoin market and its expansion into other sectors such as tokenized commodities and US government bonds position it as a key player in the revolution of real assets. The current supply of stablecoins on Ethereum has reached a new all-time high of over 165 billion dollars, with the supply growing by five billion dollars in the past week.

Ethereum's development into the fundamental infrastructure for the finance of the future is evident, as it continues to be the go-to harbor for stable digital capital. Solana, in third place, has a market share of less than four percent in the stablecoin market. Ethereum's 77 percent market share in tokenized commodities increases to 97 percent when the layer-2 solution Polygon is included.

Records are also being broken in the realm of RWAs on Ethereum. The digitalization of tangible assets on Ethereum is not slowing down, and it continues to be at the forefront of the digital asset market.

Please note, the management and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has entered into positions, directly and indirectly, in the financial instruments mentioned in this publication or related derivatives, which could benefit from the price development resulting from this publication. This is not a fact, but a conflict of interest disclosure.