Ethereum leads RWA market with $20.8 billion in tokenized assets, eyes $5,000 target

Ethereum has consolidated its leading role in the rapidly expanding real-world asset (RWA) sector, as tokenization activity intensifies across blockchain networks. Market intelligence platform Token Terminal reported the total RWA market capitalization has climbed to $46.3 billion, with Ethereum representing the largest share among blockchains. Token Terminal data shows that the RWA market cap rose by 947.6% over the past three years. This surge reflects a growing trend of representing traditional assets—such as securities, investment funds, and commodities—on blockchain networks to facilitate faster settlements and easier transferability.