Ethereum added about $5 billion in new Stablecoins over the past week, pushing the total supply of Stablecoins on its network to an all-time high.
Ethereum’s Stablecoin Supply has more than doubled since January 2024, reaching an all-time high of $165 billion.
RWA.xyz reports a total of $158.5 billion in Ethereum-based stubcoins, which varies slightly from data provider to data provider.
Ethereum is a selection network of Stablecoins. Tron, the next closest competitor, has a market share of 27%, while Solana ranks third and is under 4%.
A stable supply in relation to the sudden increase in Ethereum. sauce: Token terminal
Gold tokenized into Ethereum Surge
The network is the highest ever tokenized gold, so the only financial product to be tokenized in Ethereum is not the only financial product.
According to the Token Terminal, Ethereum currently has around $2.4 billion worth of tokenization money.
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Tokenized gold supply has doubled since the start of the year, and is now the highest ever, reported Saturday.
RWA.zyx reports that Ethereum has a 77% market advantage over tokenized products, and an additional 97% share if it includes a Layer 2 polygon network.
Ethereum also has more than 70% market share of the tokenized US Treasury.
Ethereum tokenized gold is also in the greatest source of all time. Token terminal
Benefits of Ethereum’s RWA tokenization
This RWA tokenization story drove the price of ether (ETH) that was over 200% since April to a record high of under $5,000 on August 24th.
It is also strengthened by the rapid accumulation of ether by finance companies, which scooped up almost 4% of total supply in just five months.
Ethereum educator Anthony Sassano said over the weekend that this was due to “reliable neutrality,” which is fundamental to Ethereum.
“The only way that mass adoption of this technology occurs is through a real, reliable, and authorized system that is not owned by anyone and is not affiliated with a single entity.”
New funds tokenized in Ethereum
Global financial institutions are also competing for many to choose Ethereum and tokenize their products.
“Fidelity, the world’s third largest asset manager, has launched the US Treasury Fund, which has been tokenized at Ethereum,” Sassano said Monday.
According to RWA.xyz, Fidelity Digital Interest Token (FDIT) appears to have launched Onchain on September 1, and currently has a total asset value of $23.6 million.
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