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▲ Ethereum (ETH)
The market size of Ethereum (ETH)-based tokenized US Treasury bonds has reached approximately $8 billion for the first time ever. As demand for accessing traditional safe-yield assets on-chain rapidly increased, the tokenized Treasury bond market grew by 100% in just six months.
The Crypto Basic reported on May 6, citing Token Terminal data, that the market capitalization of Ethereum-based tokenized US Treasury bonds hit an all-time high of approximately $8 billion. The rapid expansion of this market demonstrates growing demand for blockchain-based yield products. Key products driving this growth include those related to Securitize, Centrifuge, Franklin Templeton, WisdomTree, Ondo Finance, and Superstate.
Tokenized US Treasury bonds have grown into a multi-billion dollar liquidity layer on Ethereum. As idle capital on-chain found a destination to earn yield, a structure emerged that directly competes with stablecoin reserves, money market funds, and short-term ETFs.
Most of the supply is concentrated in a few large products. Major suppliers include products linked to BlackRock's BUIDL fund, as well as Ondo's OUSG and USDY, Superstate's USTB, and Franklin Templeton's BENJI. Amidst the trend of institutional-grade financial products moving onto the blockchain, Ethereum is solidifying its position as a core foundation for the tokenized Treasury bond market.
Ethereum's dominance was also clear in inter-chain competition. According to rwa.xyz data, Ethereum maintained a significant lead in the tokenized Treasury bond sector. The next closest, BNB Chain, held $3.4 billion in tokenized Treasury bond value. Solana (SOL), Stellar (XLM), and XRP Ledger each recorded less than $1 billion in tokenized Treasury bond value, showing a significant difference from Ethereum.
The Crypto Basic assessed that these figures reconfirm Ethereum's central position in real-world asset tokenization, especially in the institutional-grade financial product sector. The tokenized US Treasury bond market has emerged as a leading area for bringing traditional finance's safe-yield assets on-chain, and Ethereum has established itself as the biggest beneficiary chain of this market expansion.
The market sentiment also acted as a favorable backdrop for the growth of tokenized Treasury bonds. Cryptocurrency market sentiment shifted from cautious to more bullish, and the Crypto Fear & Greed Index rose to 50, indicating a neutral level. The Ethereum-based tokenized US Treasury bond market doubled in six months, demonstrating that on-chain financial demand is expanding beyond specific themes to actual yield-bearing assets.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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