Key takeaways:

• Ethereum currently supports $201 billion in tokenized assets, which is almost two-thirds of the $314 billion total.

• Institutional development led by BlackRock and Fidelity has led to onchain fund AUM growth of 2,000% from 2024.

• ETH exchange supply has reached a yearly low, indicating investor accumulation and a stronger market level.

Ethereum’s growing dominance in the tokenized asset landscape is changing the way investors value the fundamentals of the network and its native token, Ether (ETH). As of Tuesday, tokenized assets across all blockchains total approximately $314 billion, including Ethereum bookkeeping for $201 billion, or almost two-thirds of the market. This highlighted its leading role as the most widely used settlement layer in crypto in 2025.

Stablecoins continue to be the backbone of Ethereum’s network economy, representing the expansive majority of transaction activity. The combined issuance of USDT (USDT) and USDC (USDC) on Ethereum has maintained deep pools of liquidity in DeFi, cross-border payments and exchanges, helping the network maintain one of the highest transaction throughputs in the industry.

The expansion goes beyond stablecoins. Tokenized fund assets under management (AUM) on Ethereum increased by almost 2,000% since January 2024, driven by institutional players such as BlackRock and Fidelity offering established investment products online.

Fidelity Digital Assets excellent that “beyond Bitcoin and Ethereum, some of the most noteworthy developments in digital assets are taking place in stablecoins and tokenized real-world assets (RWAs).”

The company highlighted that stablecoins have become a global medium of exchange, with a turnover of $18 trillion over the past 12 months, even exceeding Visa’s annual flow of $15.4 trillion.

Meanwhile, RWAs did it emerged as the fastest growing category of Ethereum. Tokenized treasuries, funds and credit facilities on Ethereum currently account for $12 billion, representing 34% of the $35.6 billion global RWA market. Protocols like Ondo, Centrifuge, and Maple are driving this growth, offering yields of 4-6% on tokenized exposure to U.S. Treasury bonds and collateralized lending products.

Token Terminal analytical platform excellent that this expansion effectively anchors Ethereum’s $430 billion market cap in measurable onchain utility, noting that “the market cap of tokenized assets on Ethereum has set a floor for ETH’s market cap.”

Related: BitMine gained 34% more ETH last week as prices fell

The ETH exchange indicates a bullish setup

Data from CryptoQuant pointed It turned out that Binance, the largest Ether trading platform by volume, indicated that the ETH exchange’s supply had declined sharply since mid-2025, reaching its lowest level since May 2024. After peaking in early summer, supply declined continuously throughout November, reaching a level of around 0.0327.

This constant outflow signals that coins are going into frosty storage or long-term wallets, which is behavior typically associated with accumulation phases. Interestingly, this drop in exchange balances coincided with the Ether price peaking around $4,500-$5,000 in August and September, before returning to its current level of around $3,500.

Analysts noted that reduced supply on stock exchanges tends to ease selling pressure, potentially setting the stage for prices to stabilize or rise again if investor risk appetite improves.

Related: Ethereum Holders Return to Profits as ETH Price Nears 4K Breakthrough dollars

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.