# Ethereum Dominates the Tokenized Asset Boom

*Ethereum: The Unstoppable Force Behind Tokenization and On-Chain Finance*

By [DigitalChainSpace](https://paragraph.com/@digitalchainspace) · 2025-10-05

#ethereum, #tokenization, #defi, #rwa, #blockchainrevolution

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While not _officially confirmed_ by regulators, multiple analytics sources point to a clear reality **Ethereum is the undisputed hub of tokenized finance.**

![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4ca.png) According to data from **DefiLlama**, [**21.co**](http://21.co), and **RWA (Q3 2025)**:

*   Ethereum and its Layer 2s (**Arbitrum, Base, Polygon**) capture **over 90%** of all **real-world asset (RWA) tokenization volume**.
    
*   Major issuers like **Backed Finance**, **Swarm**, and **Matrixdock** all build on Ethereum’s secure and liquid ecosystem.
    

While figures like _“70% of all tokenized stocks”_ and _“98% of all volume”_ are community estimates, the message is clear  
![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4a5.png) **Ethereum has become the backbone of on-chain finance.**

From tokenized **Treasuries** to **synthetic equities**, the **world’s capital markets are migrating to Ethereum** one block at a time.

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*Originally published on [DigitalChainSpace](https://paragraph.com/@digitalchainspace/ethereum-dominates-the-tokenized-asset-boom)*