[ryebit]

That's pretty much describing Ethereum (once it finishes switching to PoS in the next year or so). Popularity wise it's already doing way more than others in txn or $ volume.

It's NFT market for asset ownership (mainly artwork right now) is huge, there was literally a Christie's auction for an NFT token (and the art it represents) this week.

There aren't official stocks/commodities yet (I think) but a bunch of sythetic derivatives already. A couple of banks have even done test runs of bond issuance.

ETH itself is does have "store of value" qualities in background, but a trick was developed of using it as collateral to back on-chain stablecoins like DAI. That allows on-chain token markets/contracts to rely on USD-valuations for liquidity and baseline reference, independent of general "crypto" speculative fluctuations.

There's also Earnst & Young's "Nightfall" project that trying to bring b2b accounting on-chain using Eth's zero knowledge tools to retain privacy.