Ethereum Tokenization Boom Pushes Price Past $1,700 Resistance

Ethereum's price jumped 3% between Thursday and Friday, outperforming the broader crypto market. This increase is largely attributed to growing tokenization efforts, particularly with Robinhood Chain's success. As a layer-2 network, Robinhood Chain utilizes Ethereum as its native gas token and has garnered $106 million in bridge deposits.

According to data from Rwa.xyz, Ethereum dominates the RWA market with a 47% share. Notable highlights include SKY's Tether Gold (XAUT) and Ondo US Dollar Yield (USDY). Meanwhile, corporate treasury purchases continue to drive institutional inflows into Ethereum.

Despite these positive developments, on-chain metrics suggest stagnation. Decentralized applications on Ethereum generated $11 million in weekly revenue, down from $20 million in the first quarter of 2026. Active addresses dropped to 3.2 million from 5.4 million during the same period.

The annualized funding rate for Ethereum perpetual futures has also decreased to 3%, below the neutral threshold of 6%. This signals weak demand for bullish positions. However, institutional inflows are likely responsible for the recent price gains.