The on-chain market capitalization of tokenized exchange-traded funds (ETFs) has reached $430 million, according to Token Terminal data. Ondo Finance's IVVon token, a tokenized version of the iShares Core S&P 500 ETF, has surged approximately 150% over the past month on Ethereum, leading the category. In parallel, the total market capitalization of on-chain euro stablecoins has exceeded $760 million, with 66% of these stablecoins issued on Ethereum. This growth highlights the expanding infrastructure for on-chain real-world assets and stablecoins, reflecting increased interest and development in these sectors.