Is Ethereum the ‘one common blockchain’? BlackRock CEO weighs in
It’s not a stretch to say the 2025 cycle marked a shift towards “institutionalization.” Certain, whereas ETF launches in 2024 helped set up credibility and entry, they alone didn’t drive significant adoption.
As a substitute, adoption actually accelerated as soon as “utility-driven” property moved on-chain. In that context, the Actual World Asset (RWA) sector has clearly develop into the core engine powering institutional participation.
Backing this, BlackRock CEO Larry Fink has referred to as tokenization crucial and pointed to Ethereum [ETH] because the pure platform for it. The query, then, is whether or not that is merely theoretical or a case that holds actual weight.
‘One Widespread Blockchain’ imaginative and prescient facilities on Ethereum
An announcement from a serious agency like BlackRock was certain to create a stir.
On the World Financial Discussion board, CEO Larry Fink emphasized the necessity for fast adoption of tokenization, highlighting India and Brazil as two growing nations already main the way in which with tokenized currencies.
Nonetheless, the actual buzz got here when Fink talked about the “One Widespread Blockchain” to drive this shift. Naturally, market individuals began asking which blockchain would match the imaginative and prescient, with many pointing to Ethereum.
Supply: RWAxyz
Wanting on the numbers, the hypotheticals truly maintain weight.
As an example, Ethereum leads the RWA sector, controlling roughly 60% of the full $22.6 billion RWA market. By comparability, Binance Good Chain [BSC] is available in second with simply 10.2%, underscoring ETH’s dominance.
On high of that, BlackRock’s token, BUIDL, has crossed $1.5 billion on Ethereum, whereas JPMorgan’s MONY token has formally launched, additional reinforcing Fink’s narrative about ETH because the platform for tokenization.
Given this, together with Ethereum’s RWA dominance and the broader development of institutionalization, it’s straightforward to see why CEO Larry’s view that ETH may develop into the “one frequent blockchain” for tokenized property holds weight.
Nonetheless, at a elementary stage, what does this improvement truly imply?
Payment falls, exercise rises: ETH proves its institutional case
Larry Fink has repeatedly emphasised one key side: Charges.
In distinction to TradFi, the place shopping for an asset comes with platform charges, dealer commissions, and different prices, buying tokenized property prices a lot much less. As Fink points out, this might develop into a serious differentiator.
Provided that, the query naturally arises: Does Ethereum ship on this promise? Although costs have lagged, 2025 has pushed ETH ahead at a elementary stage by its back-to-back main on-chain upgrades.
Supply: EtherScan
The end result? Common fuel worth has dropped to a multi-year low of 0.5 Gwei.
On the identical time, Glassnode’s latest report exhibits a pointy spike in Month-over-Month Exercise Retention, which means transactions are rising whilst fuel charges fall, bringing new wallets onto the community.
On this context, Ethereum’s upgrades are doing greater than enhancing expertise. As a substitute, they’re driving actual adoption, which makes Larry Fink’s tackle ETH because the “one frequent blockchain” way more tangible.
Therefore, its dominance in RWA is changing into a serious institutional bull case.
Remaining Ideas
- Ethereum leads the $22.6 billion RWA market (60% share), backed by BlackRock and JPMorgan initiatives.
- Decrease fuel charges and rising adoption reinforce Ethereum’s position because the “one frequent blockchain.”
