Ethereum leads RWA market cap growth across all sectors over three years

Ethereum has emerged as the dominant chain for real-world asset (RWA) tokenization, holding $16.6 billion in distributed RWA value (52.85% market share) and recording a 315% year-over-year increase in tokenized RWAs. Data through June 4, 2026, show Ethereum-based tokenized RWAs surpassed $17 billion in early 2026, while stablecoin supply on Ethereum exceeds $175 billion — a liquidity layer critical for RWA activity. The article argues institutions favor Ethereum for liquidity, security track record and developer tooling, citing deployments by BlackRock and Franklin Templeton. For investors, rising RWA activity implies higher network revenue, greater ETH demand for gas, and increased stablecoin flows through DeFi, reinforcing a positive fundamental narrative for ETH if transaction costs remain manageable.