XRP News Today: XRP Ledger Sees 34.60% Growth in Tokenized Real-World Assets

The XRP Ledger (XRPL) is making significant strides in the real-world asset (RWA) market, with a 34.60% growth in tokenized RWAs over the past 30 days. This growth positions XRPL as a strong competitor to Ethereum, with over $157 million in tokenized RWAs already on the network. Despite having just six RWA issuers, XRPL's growth rate outpaces that of many larger players, including Ethereum. This data hints that XRPL could become a serious RWA contender much sooner than expected.

Institutional interest in the XRP Ledger is gaining traction, with firms like Mercado Bitcoin set to tokenize over $200 million in RWAs on XRPL. This move shows confidence in XRPL’s infrastructure to host permissioned, regulated financial products across global markets. At the same time, there has been a noticeable uptick in XRP’s development activity, particularly during late June, mirroring price recoveries and institutional news cycles. As projects move forward, XRP Ledger’s growing activity suggests it’s becoming a more active part of the broader tokenization landscape.

Speculation around a potential Ripple ETF approval is fueling optimism, with traders anticipating regulatory green lights. However, the XRP’s NVT ratio reveals a more volatile narrative. Spikes in the NVT ratio — often seen as a sign of overvaluation — contrast with relatively stable price action around $2.2. This suggests market value may be outpacing transaction utility at times. While ETF speculation boosts sentiment, sustained on-chain growth will be key to backing the valuation with real network activity.

Despite the growing interest and momentum, there are concerns about the sustainability of the hype surrounding XRPL. The NVT ratio flags concerns on real transaction utility, suggesting that the market value may be outpacing the actual network activity. This discrepancy could pose a challenge to the long-term sustainability of XRPL's growth in the RWA market. As the network continues to gain traction, it will be crucial for XRPL to demonstrate sustained on-chain growth to back its valuation with real network activity.