XRP Ledger Surpasses Solana, Eyes BNB Chain in Tokenized RWA Race

The XRP Ledger is now pushing to overtake BNB Chain as the fifth-largest network by total tokenized real-world assets.

While prices have struggled across the broader market, with the global crypto market cap losing $628 billion this year alone, the tokenization narrative has only gained steam, and the XRP Ledger (XRPL) is riding on the momentum to secure its spot among the largest networks by real-world assets value.

Over the past 30 days, the XRPL has welcomed nearly $354 million worth of tokenized real-world assets (RWA), bringing its total RWA value to $1.874 billion at press time, excluding stablecoins.With this, the XRPL is now looking to overtake BNB Chain as the fifth-largest network by RWA value after surpassing Solana last month.

• While the XRP price has struggled amid a broader market downturn, its tokenization market has thrived, adding $354 million in the last 30 days.
• The latest additions have brought XRP’s total RWA value to $1.874, including distributed and represented assets, while excluding stablecoins.
• This places the XRP Ledger sixth among the largest networks by tokenized real-world assets, immediately behind BNB Chain with $2.3 billion.
• The XRPL’s journey to the sixth position saw it surpass Solana, which currently boasts $1.7 billion in RWA, excluding stablecoins.
• Now, the XRPL looks to overtake BNB Chain as the fifth-largest chain, requiring an additional $400 billion to achieve this feat.

XRP’s campaign in the tokenization spacepicked up in Q4 2025 and has continued to gain steam.At the start of this year, the XRPL had $673 million worth of total RWA, excluding stablecoins, per RWA.xyz. While this represented an addition of $326 million from Q4 2025, nearly double the value, the ledger still trailed behind other prominent networks.

For instance, Solana boasted a whopping $1.1 billion worth of real-world assets at the start of 2026, outpacing XRP. Moreover, other networks such as Polygon and Liquid stood above the XRPL, with the ledger sitting ninth among the largest networks by RWA.

Interestingly, today, the XRPL now hosts $1.874 billion worth of RWA, outpacing Polygon, Liquid, and even Solana. Currently, Solana features $1.7 billion in real-world assets, having added $600 billion this year. Meanwhile, XRP has welcomed $1.2 billion within the same period, now the sixth-largest network.

The XRP Ledger has now set its eyes on BNB Chain, which holds the fifth position with $1.9 billion. XRP’s momentum has been undeniable, especially over the past 30 days, as it has recorded a 22.38% increase in total RWA value.

For context, this translates to an additional $354 million welcomed within this period, as the XRPL went from $1.520 billion in total RWA on Jan. 18, 2026, to the current figure of $1.874.Notably, Ondo’s US Government Bond, the Diamonds: AD Collection 1 products contributed mostly to this increase.

Now, the XRP Ledgerjust needs to host an additional $400 million in RWA to overtake BNB Chain as the fifth-largest network by total RWA, excluding stablecoins. Interestingly, when it comes to represented real-world assets alone, the XRPL shines, sitting fourth with $1.5 billion. It towers over Polygon and Ethereum. BNB Chain and Solana do not make it to the top 10.