The market value of tokenized ETF chains has surpassed $430 million, with Ondo Finance IVVon increasing by approximately 150% in a month

According to Token Terminal data, the total market capitalization of tokenized exchange-traded funds (ETFs) on-chain has reached $430 million. Ondo Finance's IVVon token leads this category, having risen approximately 150% on Ethereum in the past month. IVVon is the tokenized version of the iShares Core S&P 500 ETF, allowing users to gain on-chain exposure to traditional stock market indices.

In addition, the total market capitalization of on-chain euro stablecoins has exceeded $760 million, with 66% of euro stablecoins issued on Ethereum. The simultaneous expansion of tokenized traditional assets and regional stablecoins indicates that the on-chain real-world assets and stablecoin infrastructure sectors are accelerating their development.