Ethereum Added Nearly $1B in Stablecoins Daily Last Week

Ethereum has added nearly $1 billion in stablecoins daily in the last week. This has strengthened its position as the leading blockchain for tokenized assets and stablecoins. Adding nearly $5 billion in new stablecoins in just one week is no small feat, and the market is responding to the news in a celebratory manner.

Ethereum Adds Nearly $5 Billion in Stablecoin in 5 Days

According to Token Terminal, Ethereum’s stablecoin supply has more than doubled since January 2024, climbing to an unprecedented $165 billion as of Sunday. Rival data provider RWA.xyz placed the figure slightly lower, at $158.5 billion, though still marking a record. This growth has given Ethereum a commanding 57% market share of the global stablecoin market, dwarfing competitors Tron (27%) and Solana (under 4%).

Stablecoins are not the only tokenized instruments thriving on Etherteum. Token Terminal reports that $2.4 billion worth of tokenized gold now circulates on the network, double the supply seen at the beginning of 2024. RWA.xyz added that Ethereum dominates 77% of the tokenized commodities market, a figure that soars to 97% when its layer-2 Polygon is included.

Beyond commodities, Ethereum also leads in tokenized U.S. Treasurys, which represent the second-largest asset class migrating to blockchains after private credit. More than 70% of tokenized Treasurys are currently hosted on Ethereum.

Important Reads: Ethereum Whale Group Dumps $88M in ETH Amid Profit-Taking Surge

The rise of real-world asset (RWA) tokenization has fueled explosive demand for Ether (ETH). Since April, ETH prices have surged over 200%, touching an all-time high just shy of $5,000 on August 24. Treasury corporations have also been steadily accumulating the asset, purchasing nearly 4% of the total ETH supply in just five months.

Ethereum advocate Anthony Sassano attributed this momentum to the network’s “credible neutrality,” describing it as key to attracting institutional confidence. “The only way mass adoption of this technology happens is through actual, credibly neutral, and permissionless systems,” he said.

Global financial giants are also joining the wave. On September 1, Fidelity, the world’s third-largest asset manager, launched the Fidelity Digital Interest Token (FDIT), a tokenized U.S. Treasury fund on Ethereum. The product has already amassed $203.6 million in assets, according to RWA.xyz.

With stablecoins, tokenized gold, and Treasurys all reaching record highs, Ethereum has entrenched itself as the leading platform for the tokenization of real-world assets, an advantage that continues to propel both adoption and price momentum.