The market capitalization of tokenized U.S. Treasuries on Ethereum has reached a record high of approximately $8 billion, according to Token Terminal data. This marks a 100% increase over the past six months. The growth is primarily driven by products such as Securitize's BUIDL, Centrifuge's JTRSY, Franklin Templeton's iBENJI, WisdomTree's WTGXX, Ondo Finance's USDY, and Superstate's USTB.