a16z: Ethereum still dominates the tokenized asset space, but a multi-chain landscape has already formed

a16z stated on social media that Ethereum continues to lead in the field of tokenized assets, consistent with its first-mover advantage in DeFi and institutional adoption. The current scale of tokenized assets on major blockchains is as follows:

Ethereum: $15.7 billion

BNB Chain: $4 billion

Solana: $2.2 billion

Stellar: $1.7 billion

Liquid Network: $1.5 billion

XRP Ledger, ZKsync Era, Arbitrum: approximately $1 billion each

a16z indicated that tokenized assets are not concentrated on a single blockchain but are spreading across multiple blockchain ecosystems based on standards such as cost, liquidity, compliance requirements, and market entry relationships, forming a multi-chain coexistence pattern.