According to the source and Token Terminal, the tokenized real-world assets market is nearing $34 billion, with Ethereum hosting about 60% of value while its Layer 1 activity and transaction counts hit record highs.
According to the source, the on-chain tokenized real-world assets market has reached nearly $34 billion, up from roughly $5.4 billion at the start of 2025, with Ethereum accounting for about 60% of market value. Token Terminal also reported that Ethereum Layer 1 reached all-time highs in both real-world asset market capitalization and transaction activity, reinforcing its role as a primary network for tokenized asset issuance and settlement. Within the broader market, tokenized gold has climbed to $5 billion and represents nearly all tokenized commodity value on-chain, making gold-backed tokens the dominant commodity use case in blockchain-based tokenization.