Binance Research H1 2026 On-Chain Markets Report
Analysis based on 6 articles · First reported Aug 06, 2026 · Last updated Aug 06, 2026
The report highlights strong growth in tokenized RWAs, particularly on BNB Chain, which could boost sentiment for tokenization platforms and related tokens. Ethereum's revenue decline may pressure its valuation, while the reduced crypto losses signal improved security but concentrated risks remain.
Binance — Binance Research, the market research arm of Binance, published its 'Half-Year 2026: On-Chain Markets' report on August 6, 2026. The report documents that tokenized real-world assets (RWAs) grew over 50% from approximately US$22B in January to US$34B by mid-July, with tokenized stocks and private equity as the fastest-growing categories. BNB Chain became the leading tokenized equities chain, capturing 83% of on-chain tokenized stock trading volume in July, surpassing Ethereum. Ethereum usage rose about 50% but chain revenue is projected to fall 53% for the full year due to lower gas fees. Total crypto losses declined from US$2.3B to US$972M in H1 2026 despite a record number of hacks, with nearly 60% of losses linked to operational failures at Drift and KelpDAO. Binance — Binance Research projects the tokenized RWA market could reach US$661B in the base case and US$1.6T in the bull case.
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