Information from rwa.xyz reveals that stablecoin switch exercise on the $XRP Ledger (XRPL) has reached $5.11 billion over the previous 30 days.
Notably, this represents a 22.84% enhance in comparison with the earlier month. The rise factors to stronger on-chain liquidity and likewise suggests rising use of tokenized cash-like belongings throughout the XRPL ecosystem.
Ondo Fund Turns into Second-Largest Tokenized Asset on XRPL
The identical dataset signifies that the Ondo Brief-Time period U.S. Authorities Bond Fund is now the second-largest tokenized fund on XRPL.
It is just behind $RLUSD-related flows in dimension and exercise. The fund recorded about $259.6 million in transfers throughout the interval, signaling rising institutional curiosity in on-chain tokenized U.S. Treasury publicity.
The pattern means that tokenized real-world belongings (RWAs) are gaining a extra seen position throughout the XRPL ecosystem.
XRPL Exhibits $3.66B in Off-Chain RWA Pipeline
In the meantime, extra knowledge from rwa.xyz reveals that $XRP Ledger at present has about $3.66 billion in real-world belongings represented off-chain. For comparability, Stellar holds round $79.35 million in comparable represented worth.
This implies that XRPL has secured vital institutional commitments in current months.
Some supporters imagine this off-chain pipeline might start shifting on-chain extra quickly as XRPL infrastructure improves. Key upgrades typically cited embrace:
- Confidential transactions
- XLS-66 lending performance
- Enlargement of $RLUSD throughout a number of chains
The argument is that the $3.66 billion in represented belongings could not enter the system progressively. As an alternative, it might transfer in bigger waves as soon as tokenization rails and institutional integrations mature.
XRPL Leads RWA Tokenization With $1.9B Inflows
XRPL’s rising momentum is additional strengthened by current knowledge displaying that it recorded the best web RWA inflows throughout main blockchains over the previous 90 days.
Information from the RWA Basis confirmed that XRPL attracted $1.9 billion in web RWA inflows (excluding stablecoins), forward of Ethereum’s $1.6 billion and Stellar’s $1.4 billion.
Furthermore, Messari’s Q1 2026 report reveals XRPL’s RWA market cap surged 124.1% quarter-over-quarter to $2.25 billion, rating it seventh globally on the time earlier than rising to fourth. Distributed RWAs on XRPL additionally climbed to $451.1 million, up 35.6% quarter-over-quarter.
Evernorth knowledge reveals XRPL scaled from $10 million to $400 million in tokenized RWAs in ~15 months, in comparison with ~36 months for Ethereum. 12 months-to-date progress additionally favors XRPL, up 78% versus Ethereum’s 36%.
General, inflows and adoption traits recommend $XRP Ledger is changing into one of many fastest-growing hubs for tokenized real-world belongings.
