The XRP Ledger recorded $1.9 billion in net real-world asset inflows over the last 90 days, edging out Ethereum's $1.6 billion. Stellar followed with $1.4 billion, BNB Chain $848 million, Solana $611 million, Avalanche $362 million, Sei Network $202 million, and Mantle $90 million. Ethereum still holds over half the market, but the shift in recent flows suggests XRPL's institutional use case is building momentum.
How XRPL's RWA pipeline stacks up
According to Evernorth analysis, the inflows on XRPL are driven by episodic, treasury-scale institutional commitments rather than fragmented retail activity. That fits the profile of tokenized treasuries and credit products. XRPL's total distributed asset value now sits at $360.25 million, out of roughly $3.6 billion in tokenized assets represented on the ledger. For context, the global tokenized RWA market reached $33.5 billion in distributed asset value, with a broader $350 billion in represented asset value — so XRPL's share of the distributed pool is roughly 1.1% but growing fast.
Stablecoin explosion on XRPL
Stablecoin market cap on XRP Ledger jumped to $907.63 million – a 73.44% increase over 30 days. Transfer volumes rose even faster: 90.90% higher to $4.86 billion over the same window. That's not just noise; it indicates more active settlement and liquidity building around XRPL's tokenized assets. Upbit, the Korean exchange, became the center of XRP trading during this period.
XRP price action
XRP gained more than 5% over 24 hours, testing intraday highs of $1.29 before settling around $1.24. The timing aligns with the RWA flow data hitting desks this week. The move puts XRP back in focus after a quieter spring — and underscores that institutional adoption narratives can still move the needle even in a choppy market.
Ethereum's 52.8% market share ($17 billion) is still dominant, but XRPL's growth trajectory puts it in the top tier of legacy networks, per Evernorth. The next question is whether these institutional inflows become more consistent or remain episodic. The stablecoin surge on XRPL suggests infrastructure is scaling to support bigger flows. For now, the race for tokenized real-world assets is showing multiple winners — and XRPL is making its case.
