RWA total market cap exceeds $65 billion, with Ethereum holding a 33% share.

ChainCatcher report, according to The Block, as traditional asset managers accelerate the tokenization of assets onto blockchains, the total market capitalization of real-world assets (RWA) has surpassed $65 billion, representing approximately a 44% increase since the beginning of the year. Ethereum holds about 33% of the market share, maintaining its position as the default platform for institutional tokenization. Provenance blockchain accounts for roughly 27% of the market share, while BNB Chain, XRP Ledger, and Solana each hold around 6%. The distributed market structure indicates that no clear leader has emerged in the RWA space, with each blockchain still having significant room to gain market share by differentiating through compliance tools, settlement finality, and cost structures. Due to the high stickiness of RWA capital, blockchains that secure early institutional partnerships will gain a sustained advantage.