The $XRP General ledger has witnessed the fastest growth in tokenized real-world assets (RWA) in the past month, hit heavyweights Solana and Ethereum.
Purpose-built for RWA tokenizationthe $XRP Ledger has continued to welcome tokenized assets in recent times. Data for the past 30 days confirms which has the RWA value of the network grown 55%, adding almost $1.4 billion. This makes it the fastest growing chain within this period.
Key points
- Tokenized RWA enabled $XRP has grown 55% in the past month, adding $1.4 billion in value.
- $XRP has seen the largest growth rate among the top networks in the last month, hit Ethereum (-7.4%), Solana (+13.5%) and $BNB (+5.18%).
- The growth was largely at the forefront through the JMWH commodity product, which generated nearly $900 million in one day.
- $XRPThe company’s total RWA value has reached $3.9 billion, approaching the $4 billion milestone.
- $XRPThe company’s growth resulted in a 61% increase in its market share in the global RWA sector.
$XRP Sees a 55% increase in RWA value, adding $1.4 billion
Data provided by RWA.xyz, the leading tokenized RWA analytics platform, confirms this impressive growth driven by the $XRP ecosystem.
Specifically, 30 days ago, the $XRP General ledger hosted $2.51 billion in 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.
Since then, however, the network has undergone massive expansion. Remarkably, $XRP has registered a 55.4% increase in RWA value during the period last month, rising to a high of $3.9 billion (excluding stablecoins). This translates into an additional $1.39 billion added to the $XRP ecosystem in the last 30 days.
With the latest increase the $XRP Ledger has now overtaken both ZKSync Era and Solana, which have $3.2 billion and $2.8 billion in tokenized assets respectively.
XRPL stands out as the fastest growing RWA chain
The recent performance of the XRPL is interesting makes it is the fastest growing RWA chain in the past 30 days, hit well-known names such as Ethereum, $BNB Chain and Solana.
For context, while $XRP‘S tokenized RWA value grown by more than 55% in the last 30 days, $BNB Necklace has only considering a 5.18% increase, while Solana recorded a 13.50% to get up in the same period. As for Ethereum, the network lost 7.40% of its RWA within this time frame. to lose $1.51 billion, while the value fell to $18.9 billion.
In the meantime, $XRPThe company’s market share in the global RWA sector has also increased by a greater margin, increasing 61.24% to 1.05% over the past month. For now, $XRP had a market share of 0.65%. This places it directly below $BNB Chain, which has a 1.07% stake with a RWA value of $4 billion.
Lots of it $XRP‘s last growth came from an increase in the JMWH value. For the uninitiated, JMWH is an energy commodity product on the Justoken platform. The product, which focuses exclusively on the $XRP Ledger posted an increase of $895 million within a day, putting it in the lead $XRP‘s recent RWA growth.