Sharplink: Stablecoins, Tokenized RWA and Sovereign Funds Could 10x Ethereum TVL by 2026

Published: 2025-12-27 00:19:12 |

Sharplink co-CEO Joseph Chalom forecasts Ethereum total value locked (TVL) could rise tenfold by end-2026, driven by growth in stablecoins, tokenized real-world assets (RWA) and increased allocations from sovereign wealth funds. Chalom projects the stablecoin market expanding to about $500 billion (from roughly $308 billion currently) and expects ~54% of stablecoin activity to remain on Ethereum — a dynamic that could materially lift Ethereum TVL (currently ~ $68.2B per DeFiLlama). He also anticipates the tokenized RWA market reaching $300 billion in 2026 as institutions including JPMorgan, Franklin Templeton and BlackRock scale tokenization of funds, equities and bonds to entire fund portfolios. Sharplink Gaming reportedly holds 797,704 ETH (~$2.33B). Chalom expects sovereign wealth funds’ Ethereum exposure and tokenization activity to increase 5–10x. Additional growth drivers cited are mainstream adoption of on-chain AI agents and prediction markets, which would raise on-chain activity and liquidity. Market context: Ether trades near $2,900 and is down ~12% year‑over‑year; some analysts warn new highs may be constrained by Bitcoin conditions. These comments are presented as market outlook, not investment advice.

Bullish

The forecast is bullish for ETH because it links a potential 10x increase in Ethereum TVL to concrete growth vectors: stablecoins, tokenized RWAs and sovereign wealth fund allocations. If stablecoins expand toward $500B and ~54% of that volume remains on Ethereum, protocol deposits and liquidity could rise substantially, lifting TVL and supporting ETH demand for staking, collateral and on‑chain activity. Institutional tokenization (JPMorgan, BlackRock, Franklin Templeton) and increased sovereign fund exposure would add sizeable long-term capital inflows. On-chain AI agents and prediction markets as additional use cases could boost transaction volume and fees, improving network fundamentals. Short-term impact may be muted: price reaction depends on macro and Bitcoin trends, and market skepticism or slow institutional onboarding could delay effects. But on a 12–24 month horizon, materially higher TVL and institutional adoption would be net bullish for ETH price and liquidity.