Key Takeaways
Ethereum holds 70% of the tokenized Treasury market. FDIT entered the highest 10 with $203 million inflows, whereas BlackRock’s BUIDL shed $150 million.
Ethereum [ETH] dominated 70% of the tokenized U.S. Treasury market.
In numbers, $5.3 billion in tokenized Treasuries, bonds, and money equivalents are flowing on Ethereum, accounting for over 70% of the entire $7.46 billion tokenized Treasury market.
Now, Constancy has joined this sector of practically 50 totally different tokenized U.S. Treasury choices with the Constancy Digital Curiosity Token (FDIT).
The query is whether or not FDIT will pump extra utility and liquidity into ETH’s DeFi stack.
Constancy enters the RWA race
Positive, Constancy’s making waves, nevertheless it’s not the primary mover within the RWA recreation.
The actual heavyweight?
BlackRock’s BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which nonetheless runs the present, with a strong $2.2 billion market cap within the tokenized Treasury house throughout a number of networks.
Constancy’s FDIT, in contrast, dropped solo on Ethereum. Within a brief interval, it grew to $203.7 million in belongings and entered the highest 10 Treasury merchandise.
Supply: Rwa.xyz/treasuries
Peep the 7-day flows: BUIDL was bleeding about $150 million, whereas FDIT was pulling in recent liquidity left and proper. That form of on-chain rotation cements FDIT’s positioning, even in a crowded tokenized Treasury pool.
Briefly, FDIT’s drop has seen strong on-chain adoption. Every token represents a share of FYOXX, backed by U.S. Treasuries.
The larger play? Ethereum’s nonetheless flexing because the go-to layer for institutional RWAs in DeFi.
Ethereum exhibits institutional DeFi energy
Tokenized U.S. Treasuries make up practically 27% of the RWA stack.
In different phrases, over 1 / 4 of all on-chain RWAs are locked in low-risk, yield-bearing Treasury belongings. This highlights simply how dominant these U.S. gov-backed tokens are in DeFi’s real-world asset play.
On this context, FDIT cracking the highest 20 RWA belongings isn’t a fluke.
It’s proof of sturdy on-chain demand for tokenized Treasury merchandise, with Ethereum devs clearly front-running the institutional RWA wave.
Supply: Rwa.xyz/networks/ethereum
Proper now, no chain comes near Ethereum’s Treasury stack. ETH flexes 70% dominance, whereas Stellar lags at 6%, underscoring Ethereum’s grip.
In reality, even after 95% stablecoin dominance, Treasuries nonetheless pull 3.15% of ETH’s market, displaying critical on-chain RWA muscle.
Constancy’s transfer with FDIT simply reinforces this. Dropping it on Ethereum faucets into the community’s liquidity and dev infrastructure.
Consequently, it permits them to stack market share and bolster their DeFi presence.
