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

thecryptobasic.com 2 h

Blockchain

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.