What will happen to Ethereum if everything is on the blockchain in the future? If everything goes live on the blockchain, Ethereum won't "do anything" - it will dominate everything, and ETH will transform from a "smart contract platform" to a "global financial infrastructure". In this bull market, RWA is the "killer application" of ETH. If "everything goes on chain" - that is, RWA (Real Estate tokenization) fully erupts, covering trillions of assets such as bonds, stocks, real estate, commodities, and even intellectual property - Ethereum (ETH) is likely to become the core beneficiary of this revolution, and even be seen as the "global settlement layer". Why do you say that? Let me break down the current data and trends step by step for you to see. 1. Ethereum has already become the "king" of RWA Market dominance: As of December 2025, the total market value of RWA has exceeded $35 billion (excluding stablecoins), with Ethereum and its ecosystem (L1+L2+EVM compatible chain) accounting for 58% -82% of the market share. For example, stablecoins: There is $160 billion on Ethereum L1, accounting for 57%; Including EVM chain, the total proportion is 95%. This is the fundamental 'monetary layer' of RWA. Treasury bond/private credit: 70%+In Ethereum, Blackstone's BUIDL fund (with a market value of 2.8 billion dollars) is a typical example. Gold/Stocks: 78% of gold is tokenized on Ethereum, with over 200 stocks listed, far surpassing competitors such as Solana. @LordOfAlts, this is not a coincidence, but rather because Ethereum has mature ERC-20/ERC-721 standards, security, and liquidity depth - the first choice for institutional assets to go on chain is here. Institutional preference: Giants such as BlackRock, Franklin Templeton, Ondo, etc. all choose Ethereum or its L2 (such as Arbitrarum, hosting $616 million RWA). Simply put, putting everything on the blockchain is not starting from scratch. Ethereum has already paved the "highway", while other chains (such as Solana, which has grown rapidly but is small in size, with only $550 million in RWA) 2. The impact of everything on the blockchain on ETH: explosive growth Sudden increase in demand: RWA on chain will bring massive transactions (issuance, lending, settlement), which directly burns ETH (under the EIP-1559 mechanism, a portion of each gas fee is destroyed). Imagine: in the $80 trillion traditional market worldwide, even if 1% is on chain ($8 trillion), Ethereum's gas demand will double. Network effect amplification: RWA is not an isolated island, it can seamlessly integrate with DeFi (e.g. using tokenized real estate as collateral for lending). Ethereum's L2 (such as Optimism, Base) has solved scalability issues, with transaction fees as low as a few cents and 24/7 global settlement. Cross chain bridges (such as @ MultichaiZ_) further unlock liquidity, allowing Ethereum to "absorb" everything. Upgrading the role of ETH: It's not just about "fuel", ETH will become a "world reserve digital asset" - resistant to censorship, fixed supply, perfectly matching the stable demand of RWA. X Community Consensus: Ethereum is not "welcoming" the blockchain economy, it is already running. 3. Potential risks and timeline Challenges: Regulation (SEC needs to keep up), interoperability (cross chain fragmentation), and excessive leverage (DeFi old problem). But by 2025, AI+blockchain (real-time valuation) will accelerate its resolution. Timeline: Short term (1-2 years): RWA exceeds 50 billion, Ethereum's market share remains stable at over 70%. Mid term (5 years): Everything on the chain, ETH price may be 10x (based on historical cycles and burning). Long term: Ethereum becomes the "Internet financial layer".