Galaxy Digital Claims Ethereum Dominates Corporate Blockchain Adoption in RWA

ETH is a reliable platform among corporate organizations. Even financial and fintech companies like Deutsche Bank and PayPal are developing crypto-oriented apps on the Ethereum platform. Meanwhile, its L2 network is particularly suited for running search operations. 

Traders may query why organizations favor Crypto block change for speculative functions. On Saturday, Christine Kim, the VP of Galaxy Digital, reported that certain use cases like NFT, gaming on Web 3, etc., need only Crypto blockchains in platforms.  

Right now, 55 companies are making blockchain-based applications and decentralized tools in the Ethereum ecosystem.  

Why Ethereum? 

There are more innovative and utility-based Crypto platforms compared to Ethereum. But there is one thing in which this token has no parallel, and that is real-world asset tokenization.  

The net value of assets traded over the Ethereum blockchain is 10 times more than that of their nearest rival, Stellar.   

Twenty mainstream companies create infrastructure for the Crypto community. Out of them, 13 can issue genuine real-world assets. For example, Blackrock was the basis of BUIDL, the Ethereum-based fund.  

Multiple crypto-stable coins are working on the ETH blockchain platform. Some of the popular ones include PYUSD buy people and USDG of Robinhood Bank.  

Interestingly, the latter experienced a 70% increase in supply last year. The bottom line is that Ethereum controls more than 50% of the stablecoin market value globally.  

ETH’s Foundational Role  

Ethereum’s main function is to create blockchains for multiple enterprise niches. At the same time, a lot of critics of this field say that the same company manufacturing multiple blockchains can trigger the problem of centralization.  

There is a specimen outside this field, like the centralized control of Sony over Soneium Activity.  

Snippets from Galaxy’s Report  

Galaxy released a report where ETH is the most popular choice of manufacturer of electrons for hosting crypto services. All real-world asset dealers and stable coins chose the ETH platform for transactions.  

Some recent interviews suggest that most of the companies investing in their blockchain enjoyed the highest decentralization and reached the highest number of users. The final take- ETH will help a lot of finance-based products in the crypt market to be launched.