Ethereum has experienced a significant surge in USDC mints, with over $500 million recorded recently, highlighting a rise in stablecoin activity on the network. Since January 2020, the stablecoin supply on Ethereum has expanded 65.5 times, significantly outpacing the 21.6-fold increase in Ethereum's market cap. In parallel, the tokenized gold market has achieved a $3.9 billion market cap within five months. This growth is attributed to consistent inflows and growing institutional interest in blockchain-based real-world assets, underscoring the increasing appeal of tokenized commodities.