XRP Ledger draws $2.6 billion in RWA inflows in six months
Tokenized energy product JMWH drove much of the increase, lifting XRPL’s non-stablecoin RWA value to $4.38 billion and placing the network second behind BNB Chain for six-month inflows.
XRP Ledger added about $2.6 billion in tokenized real-world asset value over the past six months, excluding stablecoins, ranking second among tracked blockchains behind BNB Chain’s roughly $3 billion and ahead of Stellar’s approximately $2.1 billion. Data from RWA.xyz showed XRPL’s combined distributed and represented RWA value reached about $4.38 billion on July 26, including $323.21 million in distributed assets and $4.06 billion in represented assets, while stablecoins on the network totalled about $995.12 million and pushed the broader figure above $5.37 billion. Much of the growth came from Justoken’s JMWH, a represented commodity asset valued at $2.229 billion that tokenizes contracted energy output and accounted for about 51% of XRPL’s total RWA value. The figures highlight XRPL’s rising role in tokenization, though most of its RWA base is represented rather than actively distributed onchain, and the increase does not necessarily translate into direct demand for XRP because many institutional products use the ledger mainly for issuance and settlement while paying minimal fees in the native token.
- real-world asset: A tokenized representation of an off-chain asset or financial claim recorded on a blockchain.
- represented assets: Offchain holdings or contracts that are recorded on a blockchain rather than being directly distributed and held onchain.
- distributed assets: Tokenized assets that are issued and held more directly onchain.