Data from Token Terminal shows the market capitalization of tokenized U.S. Treasuries has reached $15.2 billion and now spans 18 blockchains. Ethereum accounts for 43.2% of the market, followed by BNB Chain at 31.5% and Stellar at 7.5%. Nearly three-quarters of tokenized U.S. Treasury issuance is concentrated on Ethereum and BNB Chain.
According to Token Terminal, the market capitalization of tokenized U.S. Treasuries has reached $15.2 billion across 18 blockchains.
Ethereum accounts for 43.2% of the market, while BNB Chain holds 31.5% and Stellar represents 7.5%. Nearly three-quarters of tokenized U.S. Treasury issuance is on Ethereum and BNB Chain.
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