Ethereum's mainnet has seen its tokenized real-world assets (RWA) soar to over $17 billion, marking a 315% increase from approximately $4.1 billion a year ago. This growth positions Ethereum as a leader, accounting for about 34% of the total RWA across all blockchains. Traditional financial institutions like BlackRock and JPMorgan are actively tokenizing funds and yield products on Ethereum, with BlackRock's tokenized U.S. Treasury fund, BUIDL, emerging as a notable product in this space. Additionally, the total market capitalization of stablecoins on the Ethereum mainnet has exceeded $175 billion, underscoring its role as a core settlement layer for tokenized dollars and RWAs.