At a glance, yes — Ethereum has quietly turned 10 years old as of July 30, 2025 (and today, August 2, 2025, marks its 10‑year and 3‑day milestone) when the genesis block of the Frontier mainnet was first mined.

🚉 Ethereum as the Rail of Tokenized Finance

Stablecoins (the backbone of tokenized dollars & rails):

As of Q2 2025, Ethereum L1 secures over $123 billion in stablecoins—more than 50 % of the global stablecoin market—enabling 24/7 transfers, cross‑border settlement, and programmability via smart contracts .

Tokenized real-world assets (RWAs):

Out of >$250 billion in tokenized assets, Ethereum is the settlement layer for ~55 %, spanning U.S. Treasuries, real estate, private credit, NFTs, and more . Some real-time metrics show Ethereum’s network controlling up to 83.7 % of total RWA market capital today .

Decentralized Finance Stuff:

Ethereum supports **~$75 billion in DeFi TVL **, processing millions of transactions daily across lending, token pairs, and collateralized tokens—none of which exist without ETH’s EVM-based rails.

🏢 Institutional Demand: ETH as a Corporate Treasury Hold

To mark its 10th anniversary, crypto corporate treasuries collectively crossed $100 billion in ETH and BTC holdings—with corporates now owning ~1 % of all ETH supply and expected to aim for double-digit percentages in coming years

🔍 Why This Matters

Ethereum isn’t just “smart contracts” — it’s the plumbing beneath tokenized finance: stablecoins, tokenized securities, and even central-bank digital currency pilots.

No flashy buzz, just economic utility. Major asset managers, including BlackRock (see their BUIDL fund) and Fidelity, issue tokenized products on Ethereum because its ecosystem is proven, secure and programmable.

Effectively, Ethereum at 10 has become nearly invisible—not because it’s fading, but because it’s fully embedded in how global finance now flows: digitally, atomically, and frictionlessly.