Grayscale Names Ethereum Dominant Platform Across Key Digital Finance Sectors

Grayscale Research has identified Ethereum as the dominant smart contract platform, citing its leadership in stablecoin supply, tokenized real-world assets, decentralized applications, and institutional investment products. According to Grayscale's analysis, Ethereum accounts for nearly $140 billion in stablecoins, representing roughly half of the global market, alongside approximately 40% of all tokenized real-world assets. The ecosystem supports over 2,000 mainnet applications and about 6,000 Layer 2 applications. Institutional integration is expanding, with prominent asset managers deploying Ethereum-linked tokenized products, while US exchange-traded products hold over $13 billion in assets.