XRP Ledger rises in the RWA game – Can it maintain its growth momentum?

XRP Ledger (XRPL) is quietly establishing a strong position in the field of tokenization of real-world assets (RWA), one of the prominent trends in the blockchain technology industry.

Currently, there are over 157 million USD worth of real assets being circulated on XRPL — an impressive figure that shows the strong expansion potential of this network. Thanks to low transaction fees, combined with the growing interest from the developer community and rumors surrounding the potential launch of the Ripple ETF fund, XRPL is gradually emerging as a formidable competitor to Ethereum (ETH) in the race to dominate the RWA space.

With the current development momentum, XRPL may soon become a strategic destination for financial institutions seeking effective and reliable blockchain solutions.

XRP Ledger Accelerates in the RWA Sector: The Numbers Speak for Themselves

According to the RWA League Table rankings, XRPL is currently in 10th place with a total real asset value of (RWA) reaching 157.4 million USD – recording an outstanding growth rate of 34.60% in just 30 days, ranked third in growth rate among the monitored networks.

Source: RWA.xyzDespite having only 6 organizations issuing real assets, XRPL still outperforms many "giants" in the industry, including Ethereum – a clear testament to the strong development momentum of this network.

Source: RWA.xyzThe asset allocation chart shows a relatively even presence of tokens such as MGL, AAULF, and OUSG, reflecting a diversification strategy that is still in its early stages but is gradually stabilizing.

Amid the growing wave of interest from financial institutions in the RWA sector, this data suggests that XRPL is emerging as a potential competitor – and could soon surpass expectations in the race to digitize real assets.

Organizational trust increases as development activities accelerate

The interest from organizations in the XRP Ledger (XRPL) is growing strongly, as evidenced by the plans of Mercado Bitcoin – one of the leading tokenization platforms in Latin America – to tokenize over 200 million USD of real assets on this network.

This ambitious move demonstrates growing confidence in the technology infrastructure of XRPL for storing and operating licensed financial products with the potential to scale globally.

Source: SantimentAt the same time, data from Santiment recorded a notable breakthrough in development activity on XRPL, especially at the end of June – coinciding with the price recovery and a series of positive signals from investment organizations.

As more and more projects are launched, the strong increase in activity on the network further solidifies the position of XRPL as an emerging pillar in the global tokenization ecosystem.

Contrasting Picture

The expectation of an approved Ripple ETF is igniting optimistic sentiment in the market, as the Polymarket exchange predicts the likelihood of success to be as high as 88% before the end of 2025.

Source: PolymarketAlthough this confidence has slightly decreased recently, the positive trend still prevails, especially among investors awaiting a "green light" signal from regulatory agencies.

However, the picture from on-chain data shows more complex developments. The NVT index (network value to transaction volume) of XRP continuously records spikes – often seen as a sign that the asset is being overvalued – while the price remains stable around $2.2.

Source: CryptoquantThis reflects the reality that market value can sometimes far exceed the level of actual usage in the trading ecosystem.

Although the wave of expectations about ETFs is creating strong psychological momentum, maintaining sustainable growth rates on-chain will be a key factor determining the valuation ability of XRP based on actual operational fundamentals.

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