XRP RWA Market Surpasses $400M, Outpaces Ethereum in Growth

TL;DR:

• XRP scaled from $10 million to $400 million in tokenized assets in just 15 months, more than twice the speed recorded by the Ethereum network.
• The network has accumulated over $404 million in RWAs in 2026, an annual growth of 78% compared to Ethereum’s 35% in the same period.
• According to Evernorth, the growth is driven by large institutional flows, not retail speculation. The RWA ecosystem reached an all-time high of $3.53 billion.

XRP is positioning itself as one of the fastest-growing ecosystems in real-world tokenized assets (RWAs), according to an analysis published by crypto research firm Evernorth. The data reveals that the XRP Ledger went from $10 million to $400 million in tokenized assets in just 15 months, while Ethereum needed 36 months to reach the same threshold.

So far in 2026, RWAs on the XRP Ledger scaled from approximately $227 million to over $404 million, representing a growth of 78% for the year. Ethereum, in the same period, recorded an expansion of 35%, placing the network’s growth rate at more than double that of the historical leader in tokenization.

NEW XRP DATA ANALYSIS: https://t.co/Lez9qqpZXS

By current size, XRP ranks #11 in tokenized RWA value and #5 by market cap. By the growth and velocity metrics we looked at, XRP sits in the top tier.

The rankings reflect yesterday's market. The data shows where recent activity… pic.twitter.com/6laZKUzRtt

— evernorthxrp (@evernorthxrp) May 28, 2026

Evernorth notes that XRP reached the $400 million scale in tokenized assets six months ahead of Avalanche and seven ahead of Polygon, placing it in the same high-growth group as Solana, Arbitrum, and zkSync Era, networks that currently represent the frontier of on-chain tokenization.

A crucial detail highlighted in the report is the origin of that growth: it does not stem from retail speculation, but from large-scale institutional allocations. Evernorth describes treasury-level flows as the recent norm within the ecosystem, suggesting a growing use of the network for structured financial infrastructure rather than short-term trading activity. Ripple’s network reached an all-time high of $3.53 billion in total RWA value.

Despite sitting around 11th place in total RWA value, XRP already occupies a position close to the first tier in market capitalization among blockchain networks. Analysts cited by Evernorth note that this divergence could foreshadowgrowingexpectations around its institutional adoption.