The tokenized exchange-traded fund market has reached a market capitalization of $674 million, reflecting a 44.9% increase over the past 90 days, according to crypto data provider Token Terminal. Despite that rapid expansion, only 9.8% of the market cap, or about $66.1 million, is currently deposited into DeFi venues. That gap highlights how early the productive use of tokenized ETFs remains, even as DeFi deposits have grown 19.2 times over the past year.
Solana, Robinhood Chain, and BNB Chain host 95.6% of tokenized ETF DeFi total value locked, while the largest assets account for 77.1% of that TVL. In a related milestone, Solana reported that its tokenized equities supply crossed $684 million, an all-time high and a 47% increase in three weeks. The official Solana account framed the growth as a sign of increasing investor confidence and potential institutional interest in tokenized assets within its ecosystem.
Traders are now watching whether the gap between tokenized ETF market cap and DeFi deployment narrows. A continued move toward productive DeFi use could reshape how traditional financial instruments interact with decentralized platforms, with Solana positioned as a key beneficiary if current growth rates persist.
