According to CoinMeta, based on Token Terminal data, the market value of tokenized U.S. Treasury bonds has reached $15.2 billion, covering 18 blockchain networks. Among them, Ethereum accounts for 43.2%, BNB Chain accounts for 31.5%, and Stellar accounts for 7.5%. Nearly three-quarters of the tokenized U.S. Treasury bonds have been issued on Ethereum and BNB Chain.