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Muriuki Lazaro

Ethereum holds 58% of the $16.5B RWA market as L2 activity cools

Ethereum's network mix is shifting, with L2 usage easing while liquidity remains centered on L1. February 2026 data shows the L2-to-L1 DAU ratio falling to 1.12, alongside about $163.3 billion in mainnet stablecoins and Ethereum's 58% share of the $16.5 billion RWA market.
ETH
ETH+0.32%
GWEI
GWEI-0.98%
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