Ever notice how in tech, a few big players just keep winning, no matter how many options pop up? That's the classic power law at work—think Pareto's 80/20 rule on steroids, where 20% of the efforts yield 80% of the results. Token Terminal's latest chart on Securitize nails this perfectly in the world of tokenized real-world assets (RWAs).

If you're dipping your toes into blockchain beyond the meme coin frenzy, tokenized funds are a game-changer. They're basically traditional investment funds—like mutual funds or ETFs—wrapped up as digital tokens on the blockchain. This makes them easier to trade, fractionalize, and move around without the usual Wall Street headaches. Securitize, a leader in this space, has spread its wings across more than 10 blockchains, tokenizing everything from private credit to equity funds.

But here's the kicker: despite all that diversification, one product reigns supreme. Check out this breakdown of tokenized assets under management (AUM) by product and chain:

At a glance, BUIDL on Ethereum towers over the rest with a whopping $2.5 billion in AUM. That's BlackRock's USD Institutional Digital Liquidity Fund, for the uninitiated—a stable, yield-bearing token backed by cash and U.S. Treasuries. It's like having a high-yield savings account on the blockchain, but with the transparency and composability of DeFi.

Zooming out, the chart shows a smattering of other products like BCAP on zkSync Era, ACREDE on Ethereum and Solana, and VBILL on BNB Chain. They've got footprints on heavy-hitters like Avalanche, Polygon, Arbitrum, Optimism, Aptos, and Solana. Yet, none come close to BUIDL's dominance. The total across all? Still shy of $3 billion, but Ethereum's slice is the clear winner.

Why does this matter, especially if you're chasing the next dog-themed token on Meme Insider? Power laws aren't just trivia—they're a roadmap for where capital flows in crypto. Ethereum's maturity, liquidity, and institutional trust make it the go-to for serious RWAs. As tokenization bridges TradFi and DeFi, expect more funds to pile in here first. It's a reminder: in blockchain, spreading thin might diversify risk, but concentrating on proven rails like Ethereum often pays off big.

For practitioners building on these chains, this data screams opportunity. Integrate BUIDL into your protocols for instant yield exposure, or explore Solana's speed for faster settlements on products like ACREDE. Securitize's multi-chain push lowers barriers, but the power law tilt toward Ethereum suggests that's where the real action—and TVL—will stay for now.

Keep an eye on Token Terminal for more charts like this; they're gold for spotting trends before they blow up. What's your take—will other chains catch up, or is Ethereum's lead unbreakable? Drop your thoughts below.