The XRP Ledger added about $2.6 billion in tokenized real-world asset value over the past six months, ranking second among tracked blockchains. One energy product accounts for roughly half of that total, and most of the value sits in records of offchain contracts rather than actively traded tokens.
The XRP Ledger added about $2.6 billion in tokenized real-world asset value during the past six months, excluding stablecoins, according to data from RWA.xyz. That placed XRPL second among tracked blockchain networks for net RWA inflows during the period, behind BNB Chain at about $3 billion and ahead of Stellar at roughly $2.1 billion.
That increase lifted XRPL's combined distributed and represented RWA value to about $4.38 billion on July 26. The dashboard listed $323.21 million in distributed assets and $4.06 billion in represented assets, while the network also held $995.12 million in stablecoins, taking its broader total above $5.37 billion.
XRPL outranks larger smart-contract networks
The six-month figures placed XRPL ahead of several larger smart-contract networks for new tokenized asset value. Solana added about $1.6 billion while Avalanche attracted roughly $972 million. Ethereum remained the largest home for distributed tokenized assets, but its net addition during the measured period was lower at about $424 million.
That rise continues a trend visible earlier in 2026. XRPL moved into sixth place in the tokenized RWA rankings in February after adding $354 million in one month. A July report found tokenized assets on the ledger had passed $3 billion as developers added compliance tools, permissioned trading and proposed lending features.
Tokenized energy drives most of the total
Justoken's JMWH product accounts for the largest share of XRPL's RWA value. RWA.xyz valued the represented commodity asset at $2.229 billion on July 26, with each token representing one megawatt-hour of contracted energy output. The issuer mints tokens against energy agreements and burns them after the electricity is delivered and consumed.
But represented value and active onchain liquidity are not the same measure. RWA.xyz recorded only 19 JMWH holders, one active address over 30 days, no monthly transfers and no monthly transfer volume, so the token works mainly as a blockchain record for energy contracts rather than a widely traded asset. JMWH alone accounts for about 51% of XRPL's total RWA value.
RWA growth does not equal direct XRP demand
Growth in real-world assets measures value recorded or issued on the ledger. It does not show how much XRP investors purchased or how often they used the native token. Most institutional products can use XRPL for issuance and settlement while paying only small network fees in XRP, and stablecoins such as Ripple's RLUSD can also handle the cash side of transactions without XRP working as a bridge asset.
RLUSD remains the largest stablecoin platform on the network, at about $894.7 million, with Braza Crypto behind it on products worth about $83.4 million. Stablecoin transfer volume reached $4 billion over 30 days.
Even so, XRPL has added more issuers and asset types during 2026. Its RWA count reached 373, while the number of tracked holders rose 14.29% over 30 days to 176. Ownership still remains concentrated in several products, and represented value accounts for more than 92% of the ledger's non-stablecoin RWA total.
Source: crypto.news
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