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Ethereum's real-world asset ecosystem reached a major milestone when its on-chain tokenized assets exceeded $15 billion. It is a 200% growth from the previous year. The total value of this asset category excludes stablecoins as it considers only tokenized funds, commodities, equities and US Treasuries.
RWA.xyz data shows that Ethereum now supports about 58-60% of the entire RWA market. It is the primary infrastructure platform for institutional-grade tokenization at the moment.
The RWA market has experienced rapid growth and reached $24.8 billion in value after gaining 13.47% in the last month.
RWAs on Ethereum show an extreme distribution as tokenized funds control most of their current investment streams. Tokenized commodities and US Treasuries have also contributed. Tokenized equities showed a smaller market presence but continue to trend upward.
The tokenized US Treasury segment is now the fastest-growing sector with around 50-fold expansion since early 2024.
The GENIUS Act together with other regulatory frameworks has created increased confidence for institutions to execute on-chain capital investments.
Ethereum at present has more than $164 billion in stablecoin circulation which allows liquidity for both tokenized products and all decentralized finance activities
While stablecoins already represent massive on-chain liquidity the $15 billion RWA milestone reflects assets traditionally native to traditional finance funds, Treasuries and commodities now issued and settled directly on Ethereum.
Growing institutional comfort with blockchain rails
Expanding demand for programmable ownership
Ethereum is solidifying its role as the primary tokenization layer
On the daily chart the 20-day Exponential Moving Average (EMA) trends lower at $2,223 and it reinforces a bearish bias.
Holding below this level keeps the near-term tone pressured. The Relative Strength Index (RSI) at 33 stays below the midline showing weak momentum.
Immediate resistance is in line with $2,107 while support is seen at $1,741.
The rallies could stall before the 20-day EMA, leaving risk tilted toward the $1,741 support. On the upside a sustained close above the 20-day EMA could improve the structure. After that the $2,388 resistance would turn into the next resistance for buyers.
Also Read: Ethereum Trading Activity Slows as Volume Drops to Multi-Week Lows
Ethereum is still under pressure despite the RWA growth and trades at $1,969.71 while failing to break through the $2,000-$2,100 resistance range. Over the past month ETH has been down 40.5%.
The weak ETH/BTC trading activity and low trading volume show that traders are making limited bets on ETH.
The divergence between RWA expansion and ETH price action highlights a key question for 2026. Will institutional tokenization flows eventually translate into sustained demand for Ethereum or stay largely narrative-driven?
