The XRP Ledger has climbed to sixth place among blockchain networks by tokenized real-world asset value, surpassing Solana and approaching BNB Chain, according to the latest RWA league table data.
Summary
- The XRP ledger added $354 million in tokenized assets over the past 30 days.
- It currently ranks behind BNB Chain in total tokenized assets.
- If the current rate of RWA issuance continues, the ledger could challenge BNB Chain’s position among leading tokenization networks.
The ledger added $354 million in tokenized assets over the past 30 days, according to ETHNews. The growth occurred despite downward pressure on XRP’s market price during the period.
The network’s total RWA value, excluding stablecoins and combining distributed and represented assets, now exceeds that of Solana, which holds a slightly lower total in tokenized RWAs, according to the data.
The XRP Ledger currently ranks behind BNB Chain in total tokenized assets. The network would need to add additional tokenized value to overtake BNB Chain and secure fifth position globally, according to the rankings.
The increase in tokenized asset value on the XRP Ledger occurred while the token’s price declined during the broader market downturn. The divergence between price performance and on-chain asset growth indicates infrastructure development on the network, the report stated.
If the current rate of RWA issuance continues, the ledger could challenge BNB Chain’s position among leading tokenization networks, according to the analysis.