Ethereum Stays on Top of RWA Market as Solana Strengthens Its Position

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A CoinShares and Token Terminal report finds Ethereum continues to dominate the tokenized real-world asset (RWA) market and maintain a commanding position in RWA spot trading. Solana is emerging as the only other ecosystem with significant RWA spot activity, while Arbitrum, BNB Chain and Base still lack meaningful RWA spot trading despite being live for years, underscoring adoption gaps in crypto DeFi and spot liquidity.
Ethereum continues to hold a commanding position in the tokenized real-world asset (RWA) market, while Solana is emerging as the only other ecosystem to build significant spot trading activity, according to a new joint report by CoinShares and Token Terminal.
Other major networks, including Arbitrum, BNB Chain, and Base, have yet to develop meaningful RWA spot trading despite being operational for years.
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