XRP Ledger led all networks with $1.9 billion in net RWA inflows over the past 90 days

XRPL outpaces leading blockchain networks

Other prominent networks saw significantly lower net inflows, with BNB Chain reporting $848 million, Solana posting $611 million, and Avalanche registering $362 million over the past three months. Among smaller networks, Sei managed to attract $202 million while Mantle brought in $90 million. This trend demonstrates the increasing concentration of RWA tokenization activity among a select group of leading blockchains, with XRPL setting the pace.

According to the RWA Foundation, XRPL ranked first among major blockchain networks in the past three months with $1.9 billion in net RWA inflows, excluding stablecoins.

The data reflects sustained institutional interest in tokenized assets. RWA tokenization refers to representing traditional securities or tangible assets—such as bonds, funds, loans, or real estate—on the blockchain. The XRP Ledger, closely linked with the Ripple ecosystem, is increasingly recognized for its payment-focused structure and capacity to facilitate digital representation of real-world assets.

Glossary: RWA tokenization is the process of creating a digital representation of traditional financial or physical assets, excluding equities, on blockchain. This enables faster tracking and, in some cases, simpler transfers of ownership.

Market capitalization and rankings surge

According to Messari’s Q1 report, the market capitalization of tokenized assets on XRPL reached $2.25 billion by the end of Q1 2026, signifying a 124.1% increase compared to the previous quarter. The report notes that at the end of the first quarter, XRPL ranked seventh among RWA networks in terms of market capitalization but subsequently advanced to fourth place in the following period.

The same report highlights that the distributed RWA market cap rose from $332.7 million to $451.1 million. Data from RWA.xyz further supports the expanding XRPL ecosystem, with 18 distributed RWA and 312 tracked tokenized assets currently on the network.

XRPL sees faster growth than Ethereum

Evernorth data shows that the volume of tokenized assets on XRPL grew from around $10 million in January 2025 to $400 million in April 2026, achieving this leap in roughly 15 months. By comparison, Ethereum took about 36 months to realize a similar increase in tokenization volume, underscoring XRPL’s accelerated adoption.

Evernorth’s figures reveal that the value of tokenized assets on XRPL rose 78% since the start of the year, climbing from $227 million to $404 million, while Ethereum recorded a 36% growth during the same period.

These growth dynamics underscore the sustained inflow of capital into the XRPL ecosystem. Year-to-date data demonstrates that XRPL recorded a 78% increase in tokenized asset value, outpacing Ethereum’s 36% rise in the same interval. The continued capital inflows over the past 90 days confirm the robust momentum behind XRPL’s position in the RWA sector.