According to ChainCatcher, the tokenized U.S. Treasury market size was $2.02 billion as of August 25, according to data from RWA monitoring platform RWA.xyz.

Among them, BlackRock's BUIDL fund has a scale of US$502 million, ranking first; followed by Franklin Templeton's FOBXX fund with a scale of US$425 million.

It is worth mentioning that Ondo Finance’s total TVL exceeds US$540 million, ranking first among all protocols.

In addition, the market value of U.S. Treasury tokens on the Ethereum chain is approximately US$1.45 billion, ranking first among all networks, followed by Stellar (approximately US$430 million).