X (formerly Twitter) user Nathann.eth posted that according to a report released by 21.co, the current tokenized assets of the public chain are worth US$118.57 billion.
As of October 2023, Ethereum and Tron hold the largest share of tokenized assets, primarily based on the number of stablecoins issued on the network. Ethereum’s tokenized assets amount to $69.1 billion, accounting for more than 58% of all tokenized assets ($118.57 billion).
It has the most dynamic ecosystem, with more than 6 million DAU and nearly 6,000 monthly active developers. The chart also shows that Ethereum is optimized for security and decentralization issues, allowing the project to have over 800,000 validators.
The remaining projects compete on speed and scalability. Tron ranks second with over $45 billion in tokenized assets, while third-ranked Solana holds the record for the fastest settlement time at 0.4 seconds.