XRP Ledger Tops RWA League Table. Here's What It Means

Phil Kwok, co-founder of EasyA, has highlighted the rapid expansion of real-world assets (RWAs) on the XRP Ledger.

In a post on X, Kwok described the growth as “very impressive” and noted that the ledger has seen the fastest increase in RWAs compared to any other blockchain. He attributed this surge to Ripple’s RLUSD stablecoin and added that developments underway at EasyA Labs are expected to push growth even further.

Data from the RWA league table attached to his post shows the XRP Ledger ranking first for percentage growth in RWAs over the past 30 days. The ledger recorded a 32.27 percent increase, bringing its total RWA value to $243.2 million. This growth was achieved with only nine listed RWAs, indicating that the network is attracting a smaller number of but higher-value tokenizations.

Comparison with Other Networks

The same table places Arbitrum in second place, recording a 19.47 percent increase with 113 RWA listings and a total value of $8.45 billion. Plume follows with a 12.62 percent increase and 107 listings valued at $246.2 million.

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Other major networks in the ranking include zkSync Era, Ethereum, Stellar, Polygon, Base, Avalanche, and Mantle, all of which recorded lower 30-day percentage gains than the XRP Ledger, despite in some cases having hundreds of RWA listings.

The figures show that while many networks are active in the RWA sector, the XRP Ledger’s short-term growth rate outpaces all others in the list, with its expansion concentrated in high-value assets rather than in the number of tokenized projects.

Community Analysis of the Growth

He also identified RLUSD as the central growth driver, explaining that the stablecoin is becoming the preferred settlement layer on the XRP Ledger. Increasing liquidity in RLUSD is directly enabling more RWA onboarding and supporting higher daily transaction volumes.

Additionally, he emphasized the significance of the “low count, high value” model, with nine listings supporting over $243 million in value — an indicator of institutional-grade tokenization.

Kwok’s remarks, combined with the data and community commentary, point to a strong upward trajectory for RWA adoption on the XRP Ledger. The ledger’s performance in the past 30 days shows that it can compete with and surpass larger networks in growth rate, even with fewer listings.

With RLUSD continuing to gain traction and further developments from EasyA Labs in progress, observers suggest that the network’s RWA market share could expand significantly in the near term.

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