Ethereum’s tokenization bid gains momentum as assets hits over $17 billion
Although Ethereum (ETH) price has remained trapped in a horizontal consolidation over the past four weeks after breaking out from its multi-month bear market, on-chain data shows its tokenization of real-world assets (RWA) has grown to over $17 billion. Ethereum’s Distributed Asset Value (DAV), which tracks RWA tokens using the blockchain as a distribution layer, was at $17.36 billion on August 14, according to data from RWA.xyz . ETH RWA’s 30D performance. Source: RWA.xyz Over the last 30 days, Ethereum’s DAV climbed 0.5%, thus solidifying this network’s lead in the tokenization bid. The ETH’s Represent Asset Value (RAV), representing RWA tokens using the blockchain as a record-keeping layer, was at $91.11 million at the time of reporting, up 19.43% over the past 30 days. The rising tokenization on the Ethereum network has fueled an increase in RWA holders, currently at 223,858, representing a 4.99% uptick over the past 30 days. As such, ETH’s RWA 30D transfer v...