XRP Beats Ethereum, Solana to Record Fastest RWA Growth in the Past Month, with $1.4B Added

The XRP Ledger has witnessed the fastest growth in tokenized real-world assets (RWA) in the past month, beating heavyweights Solana and Ethereum.

Purpose-built for RWA tokenization, the XRP Ledger has continued to welcome tokenized assets in recent times. Over the past 30 days, data confirms that the network’s RWA value has grown 55%, adding nearly $1.4 billion. This makes it the fastest-growing chain within this period.

Key Points

• Tokenized RWA on XRP has grown 55% over the past month, with $1.4 billion added.
• XRP has seen the largest growth rate among top networks in the last month, beating Ethereum (-7.4%), Solana (+13.5%), and BNB (+5.18%).
• The growth was mostly spearheaded by the JMWH commodity product, which added nearly $900 million in a day.
• XRP’s total RWA value has hit $3.9 billion, closing in on the $4 billion milestone.
• XRP’s growth resulted in a 61% increase in its market share of the global RWA sector.

XRP Sees 55% Rise in RWA Value, Adding $1.4B

Data provided by RWA.xyz, the leading tokenized RWA analytics platform, confirms this impressive growth recorded by the XRP ecosystem.

Specifically, 30 days ago, the XRP Ledger hosted $2.51 billion worth of total tokenized real-world assets (excluding stablecoins). This placed it as the eighth-largest chain in terms of RWA value, behind ZKSync Era and Solana.

However, since then, the network has witnessed a massive expansion. Notably, XRP has recorded a 55.4% increase in its RWA value over the last month, soaring to a high of $3.9 billion (excluding stablecoins). This translates to an additional $1.39 billion added to the XRP ecosystem within the past 30 days.

With the latest increase, the XRP Ledger has now overtaken both ZKSync Era and Solana, which respectively boast $3.2 billion and $2.8 billion worth of tokenized assets.

XRPL Stands Out as Fastest-Growing RWA Chain

Interestingly, the XRPL’s recent performance makes it the fastest-growing RWA chain in the last 30 days, beating recognized names such as Ethereum, BNB Chain, and Solana.

For context, while XRP’s tokenized RWA value has grown by more than 55% over the past 30 days, BNB Chain has only seen a 5.18% increase, while Solana recorded a 13.50% rise in the same period. As for Ethereum, the network lost 7.40% of its RWA within this timeframe, losing $1.51 billion, as value dropped to $18.9 billion.

Meanwhile, XRP’s market share of the global RWA sector has also increased by a larger margin, up 61.24% in the last month to 1.05%. Before now, XRP had a 0.65% market share. This puts it directly below BNB Chain, which boasts a 1.07% share with $4 billion in RWA value.

Much of XRP’s latest growth came from an increase in JMWH value. For the uninitiated, JMWH is an energy commodity product on the Justoken platform. The product, which resides solely on the XRP Ledger, recorded an $895 million increase within a day, spearheading XRP’s recent RWA growth.