Analysts worldwide expect Ethereum’s total value locked (TVL) to rise tenfold by 2026. According to DeFiLlama, FXLeaders, Coindesk, Ainvest, and CNBC, Joseph Chalom, co-CEO of Sharplink Gaming, recently stated on X that explosive growth in stablecoins and tokenized real assets (RWAs) will be the main drivers of Ethereum’s TVL increase. Chalom said his firm holds 797,704 ETH (about $2.33 billion), and Ethereum’s TVL is currently around $68.2 billion according to DeFiLlama.
Chalom predicted the stablecoin market will grow from about $308 billion today to $500 billion by the end of 2026. That represents roughly a 62% increase, and given that more than half of stablecoin activity already occurs on Ethereum, a TVL surge seems inevitable. Major institutions and researchers, including Bernstein and JPMorgan, have projected the stablecoin market could reach $2–3 trillion after 2026. With USDT and USDC continuing to be issued primarily around Ethereum, the foundation for TVL expansion is seen as solid.
Ethereum has established a dominant position in tokenized real assets (RWAs). Coindesk analysis indicates that as of 2025, more than $250 billion worth of RWAs have been tokenized globally, with about 55% operating on Ethereum. Chalom projects the RWA market to reach $300 billion by 2026, as blue-chip institutions such as JPMorgan, BlackRock, and Franklin Templeton intensify on-chain fund operations. JPMorgan launched a $100 million tokenized money market fund on Ethereum in December 2025, illustrating rapid institutional adoption of blockchain.
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