The tokenized ETF market has reached approximately $1.4 billion in total value locked, with a market capitalization of $526.2 million. Ondo Finance holds roughly 70 percent of this TVL, with xStocksFi providing the liquidity layer.
The sector is capturing institutional settlement, real-world asset exposure and payment use cases directly on-chain. The growth stands in sharp contrast to the broader DeFi market, which has declined 37 percent year-to-date to $71.77 billion in TVL.
Ethereum remains the dominant chain, commanding 53.1 percent of total DeFi TVL. DEX volume has climbed 9.3 percent to $7.20 billion despite the overall TVL contraction.
Stablecoins have expanded to $314 billion, with USDT holding $185.83 billion and USDC at $74.98 billion.
