of $XRP Ledger is now the fourth largest blockchain in terms of tokenized RWA value, surpassing giants Ethereum and Polygon.
especially, $XRP Ledger (XRPL) currently boasts $1.4 billion in agency Tokenized real-world assetshas witnessed a massive 266% increase in value over the past month, making it the largest increase among the top 10 blockchain networks.
For context, Ethereum currently hosts $208.6 million worth of real world assets (RWA), down 30.09% over the past 30 days. This will create Ethereum Day 9 of List of largest chains By RWA representative. Meanwhile, with $817.1 million worth of RWA equivalent, Polygon sits in fifth place, just below XRPL.
Important points
- XRPL has lagged far behind in tokenized real-world assets, but appears to be making rapid gains.
- Over the past 30 days, XRPL’s RWA value has increased by 266% to $1.4 billion.
- This ranks the ledger fourth among the largest networks with representative RWAs, ahead of Ethereum and Polygon.
- Polygon has RWA representation of $817 million; 5th, Meanwhile, Ethereum secured 9th place with $208 million.
- Although XRPL still lags behind in decentralized RWA, it has now rapidly grown to become the 6th largest chain by all metrics.
$XRP Ledger’s representative RWA increased by 266%
Insights from RWA.xyz corroborate this data and show how XRPL has improved in RWA tokenization over the past few weeks. For context, Basics of cryptography reported It was a week ago that XRPL crossed the $1 billion milestone in terms of tokenized RWA.
However, Ripple’s Luke Judge revealed that the amount has already doubled to $2 billion. judge I felt stressed that discrepancy came Due to delays caused by RWA.xyz index The value contributed by partners. She says his team has a clear strategy that is now starting to pay off.
Interestingly, shortly after Report from crypto basic, RWA.xyz updated numbers around it Tokenized value of XRPL. Indexes $861 million worth of RWA value represented by JMWH. For the uninitiated, JMWH is a commodity token that represents tokenized energy backed by a real energy company. This asset is on the Justoken tokenization platform.
XRPL is currently the 4th largest in terms of representation value
Notably, with the inclusion of JMWH, XRPL’s representative RWA value reached a whopping $1.257 billion. On the other hand, a few days later, $XRP Ledger also welcomed $108 million worth of tokenized value from the Anita Diamonds Collection hosted on the Ctrl Alt platform.
With modest increases across other existing representative RWAs, XRPL’s representative tokenized assets have now increased to $1.44 billion, an increase of 266% in the past 30 days. In this figure, the ledger ranks fourth among blockchains with the highest representation of RWA.
4th place in XRPL representative RWA
For context, XRPL now towering Leading companies such as Ethereum and Polygon trail Canton, Provenance, and ZKSync Era in this metric. Specifically, Polygon holds $817.1 million worth of proxy RWAs. sitting Just below XRPL fifth. Ethereum, on the other hand, only holds $208.6 million and is currently in 9th place.
XRPL still lags behind distributed RWA
However, XRPL still lags behind other networks in terms of decentralized RWA. With $235.7 million worth of decentralized assets, XRPL ranks 10th in the list of largest networks by this metric. As an outlook, Ethereum In decentralized RWA, BNB Chain takes the lead with a whopping $15.6 billion, while BNB Chain ranks second with $2.3 billion.
Despite the lower numbers from diversified assets, XRPL’s increase in represented RWA pushes XRPL to 6th place overall when considering all real-world assets, including represented and diversified assets. Ledger currently holds RWAs totaling $1.7 billion, although it remains unclear whether this figure takes into account Luke Judges’ previous revision.
$XRP Ledger ranks 6th in total tokenized RWA
