Ethereum hosts 50%+ of $30B+ RWA value as ETH remains down 30%+ in 2026
Ethereum still concentrates 50%+ of the $30 billion+ real-world asset (RWA) value on-chain, and also holds 50%+ of stablecoin liquidity, underscoring its role in institutional tokenization. Yet ETH has fallen over 30% so far in 2026, while leverage has built near the $2k support zone and Ethereum ETF products saw over $500 million in outflows in May. The gap between network-level dominance and weak price action is keeping the “ETH as a speculative asset” debate active.