Recent growth in tokenized RWAs is starting to show up in a place that’s harder to fake: holder counts. Across Ethereum, Solana, Celo, and BNB Chain, wallets holding tokenized funds, stocks, and commodities have begun accelerating sharply. A few observations from the data: > Ethereum still anchors the ecosystem with the largest base of RWA holders > Solana is seeing one of the fastest recent expansions in participation > Celo and BNB Chain are growing quickly from smaller starting points What’s more interesting than this data is the shape of the curve. For several years RWAs were mostly a supply story (assets being issued on-chain). Now the demand side appears to be catching up as more wallets begin holding these instruments directly. If that trend continues, the narrative around RWAs may shift from experimentation to distribution at scale. Chart 👇