Ethereum
ChainsActive

Ethereum

57% of all distributed RWA. Not just hosting. Composing. Where tokenized assets stop being static and start being productive.

01 /

Brief

Default chain for institutional tokenization. $17B+ in RWA. Primary chain for BlackRock BUIDL.

02 /

Snapshot

Key terms and identifiers.

Asset classes
Treasuries, Private credit, Equities, Commodities
03 /

Milestones

How this player got here.

  1. Dec 2025Fusaka upgrade activated with PeerDAS (EIP-7594), expanding blob capacity from 6 to 48 per block
  2. May 2025Pectra upgrade activated: account abstraction (EIP-7702), validator stake limit raised to 2,048 ETH, expanded blob throughput
  3. Jul 2024Spot ETH ETF approved
  4. Mar 2024Dencun upgrade (blobs/L2 fees)
  5. Sep 2022The Merge (Proof of Stake)
04 /

Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.

Tension

Direct competition or overlapping market position.