BNB Chain Surges 1,540 While XRPL Gains 52.2 in RWA Sector

BNB Chain and XRPL have demonstrated impressive momentum in the Real World Assets (RWA) sector, with BNB Chain experiencing a 1,540% increase and XRPL rising 52.2% in value over the past month, despite a broader industry decline [1]. This growth places both networks in a unique position within the RWA landscape, as most major blockchain protocols, including Ethereum, Solana, and Stellar, have seen value losses during the same period [1].

BNB Chain’s performance is largely driven by the VanEck Treasury Fund (VBILL), which provides on-chain access to short-term U.S. Treasury bills and has seen its on-chain assets under management rise by approximately 50% in two weeks [1]. VBILL, which is available on multiple blockchains, is gaining traction among investors seeking tokenized real-world assets.

Meanwhile, XRPL’s growth has been attributed to two key initiatives: OpenEden’s TBILL Vault and Ripple’s RLUSD stablecoin. OpenEden’s TBILL Vault allows stablecoin holders to invest in U.S. Treasury Bills and earn sustainable yields, managed via a regulated smart contract [1]. Ripple’s RLUSD has also seen rapid adoption, with Phil Kwok, co-founder of EasyA, noting that the XRP Ledger is experiencing the fastest increase in RWAs among major blockchains [1].

Despite the success of BNB Chain and XRPL, the overall RWA sector has grown modestly, with a total increase of only 14.8% over the past month [1]. This underwhelming performance highlights the challenges faced by the sector in achieving broader adoption. While some industry players remain optimistic—Ripple itself has forecast that the RWA sector could reach $18.9 trillion by 2033—others, such as JPMorgan, have expressed skepticism, arguing that tokenized assets have yet to demonstrate significant appeal to traditional investors or institutional players [1].

BNB Chain currently holds a 0.33% market share in the RWA space, while XRPL’s market share is not specified [1]. The disparity in growth rates suggests that while BNB Chain is currently the dominant player, XRPL is quickly gaining ground through strategic partnerships and product innovation. For example, Ripple recently collaborated with Ctrl Alt to support Dubai’s Real Estate Tokenization Project on XRPL and also saw Circle’s USDC stablecoin launch on the network in June [1].

The divergence between the performances of BNB Chain, XRPL, and the broader RWA sector underscores the importance of innovative financial products and institutional partnerships in driving growth. As the sector continues to evolve, the ability of these blockchains to sustain their momentum will likely depend on their capacity to attract more institutional investors and expand their use cases in tokenized assets [1].

Source: [1] BNBN Chain and XRPL Show Promise in RWA Growth Amid Broader Market Challenges (https://en.coinotag.com/bnb-chain-and-xrpl-show-promise-in-rwa-growth-amid-broader-market-challenges/)