XRP Ledger has moved into fourth place on RWA.xyz’s network league table, marking a sharp rise in its position among blockchain networks used for tokenized real-world assets.
RippleX, Ripple’s developer-focused arm for the XRP Ledger ecosystem, highlighted the move in an X post, saying: “In less than a year, XRP Ledger has climbed from the top 10 to #4 on the @RWA_xyz league table, making it one of the fastest-growing RWA ecosystems in the space. Today, XRPL is home to a growing range of tokenized financial assets onchain, from U.S. Treasuries and money market funds to commercial paper, structured credit, and more.”
XRP Ledger Climbs to No. 4 in RWA Rankings
RWA.xyz’s league table listed XRP Ledger as the No. 4 network by distributed RWA value, behind Canton, Ethereum, and Provenance. The ranking refers specifically to RWA.xyz’s real-world asset network table, not to overall blockchain market capitalization or broader crypto market rankings.
The data showed XRP Ledger with 302 RWAs and $4.1 billion in total value, representing 1.09% market share. Its 30-day growth rate stood at 45.97%, the strongest among the top 10 networks displayed on the dashboard. Avalanche followed with 39.29% growth over the same period, while several larger networks recorded declines.
Canton remained the dominant network in the table, with 7,286 RWAs, $313.6 billion in total value, and 83.73% market share, despite a 4.92% decline over 30 days. Ethereum ranked second with 879 RWAs, $19.0 billion in value, and 5.08% market share, while Provenance ranked third with 2 RWAs, $18.0 billion in value, and 4.80% market share.
Tokenized Asset Growth Lifts XRPL’s Standing
RippleX framed XRPL’s rise as part of broader growth in tokenized financial assets moving onchain. In the same post, RippleX wrote: “Bringing assets onchain is an important milestone. Expanding what those assets can enable across financial markets is part of the broader opportunity ahead, and one the XRP community is building toward together.”
The top 10 networks listed by RWA.xyz were Canton, Ethereum, Provenance, XRP Ledger, BNB Chain, zkSync Era, Solana, Stellar, Avalanche, and Liquid Network. BNB Chain ranked fifth with $3.6 billion in total value, followed by zkSync Era at $3.2 billion, Solana at $2.7 billion, Stellar at $2.4 billion, Avalanche at $1.8 billion, and Liquid Network at $1.5 billion.
RWA.xyz’s broader market overview showed distributed asset value of $33.87 billion, up 1.77% over 30 days, while represented asset value stood at $340.04 billion, down 2.98%. Total asset holders rose 8.04% to 800,067. The dashboard also showed stablecoins as a much larger holder market, with $305.08 billion in total stablecoin value and 256.21 million stablecoin holders.
The data places XRP Ledger among the largest networks tracked by RWA.xyz for distributed real-world asset value, while also showing the scale gap between XRPL and the market leader, Canton. XRPL’s 45.97% 30-day growth rate makes it the fastest-growing top-10 network in the table shown, but its 1.09% market share indicates that the RWA network market remains heavily concentrated. U.S. Treasury debt remained the largest distributed RWA category at $15.3 billion, followed by commodities at $7.1 billion, underscoring the continued role of institutional-grade financial assets in the tokenization market.
AI Transparency Note: This article was prepared with the assistance of an AI system based on the sources listed and was reviewed, edited, and approved by a human editor before publication. All quotes, data points, and factual claims are intended to be grounded in the cited source material; however, errors cannot be ruled out entirely.