The chart is right. The conclusion isn't @LorenzoARK. Count only tokens held on-chain outside exchange wallets and the Ethereum ecosystem holds $1.14B of tokenized stocks, versus $0.66B on Solana and $0.44B on BNB. Here's the full picture, same source as your chart. 1/ Supply, not volume, is the scoreboard. Ethereum leads it. Raw supply today (Blockworks, Oct 2): BNB $1.14B, Solana $875M, Ethereum L1 $812M. L1 alone is #3#; with its L2s (Arbitrum $158M, Robinhood Chain $146M, Base $35M) it's $1.15B, #1#. But $700M of BNB's total sits in exchange custody wallets (Blockworks' CEX Balance metric), mostly Binance's, versus $213M for Solana and $13M for Ethereum L1.

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