A Grayscale research report states that Ethereum ranks first among public blockchains in the following five aspects: 1. Stablecoins: Approximately half of all stablecoins are issued on Ethereum, with a market capitalization approaching $140 billion. 2. Tokenized Assets: Ethereum accounts for about 40% of the overall tokenized asset market, more than double that of the second-ranked blockchain. Issuers include BlackRock, WisdomTree, and Invesco. 3. Number of Applications: Over 2,000 applications on the mainnet, plus approximately 6,000 in the Layer 2 ecosystem. 4. Number of Developers: Developer activity surpasses other smart contract platforms. 5. Investment Products: The US market value of ETH-related ETP assets exceeds $13 billion, and CME futures open interest exceeds $3 billion. However, in my opinion, the scale is far from sufficient; the entire industry is still in its early stages of development, and true growth is far from over. https://www.(grayscale.com)/the-stack/ethereum-is-shaping-the-infrastructure-for-tokenized-finance