RWA News: $37B On-Chain, But Half of It Might Be FakeReal-world assets on the blockchain just hit a fresh milestone. According to data shared in a recent X thread, the total active market cap has crossed $37 billion as of the latest snapshot, with tokenized treasuries, credit and bonds spreading across multiple chains. This market cap $37 billion figure is drawing attention because the breakdown separates genuinely distributed on-chain value from assets that exist mostly as internal bookkeeping records.This channel also covered this news in a detailed breakdown of chain-wise RWA data, listing real value across the top 10 chains.Top RWA Chains 2026 - Real Distributed ValueChainDistributed Value% DistributedNoteEthereum$17.67B99.4%Still the leaderBNB Chain$5.65B100%Fully distributedSolana$4.23B97.1%400K+ holdersStellar$3.28B97.7%Steady growthAvalanche$1.68B12.8%Mostly on-paperLiquid Network$1.54B100%Only 62 holdersArbitrum$975M97.5%ConsistentZKsync Era$960M32.6%Early stagePolygon$507M40.6%Under-distributedXRP Ledger$458M10.2%Mostly bookkeepingEthereum RWA Dominance Still Sits Near 46%Even with Solana and Robinhood grabbing headlines lately, Ethereum RWA dominance hasn't cracked. It still commands roughly 46% of total on-chain value. Analysts point out this share is shrinking only because the overall real world asset tokenization market is expanding, not because capital is leaving Ethereum. Most institutional tokenized treasury...
