XRP Ledger gains ground in RWA market, but can it sustain the hype?

• XRP Ledger sees 34% RWA progress, hinting at rising institutional and developer curiosity.
• Hypothesis round XRP ETF builds, however NVT ratio flags issues on actual transaction utility.

The XRP Ledger [XRPL] is quietly constructing momentum within the real-world asset (RWA) house.

With over $157 million in tokenized RWAs already on the community, XRPL is now positioning itself as a robust competitor to Ethereum [ETH].

Backed by low charges, rising developer curiosity, and speak of a doable Ripple ETF, XRPL would possibly simply be the surprising participant to observe within the race for institutional adoption.

XRP Ledger’s RWA momentum in numbers

Supply: RWA.xyz

Based on the RWA League Table, XRPL ranks tenth with $157.4M in whole RWA worth — posting a robust 34.60% progress over the previous 30 days, the third-highest amongst all listed networks.

Regardless of having simply six RWA issuers, its progress price outpaces that of many bigger gamers, together with Ethereum.

Supply: RWA.xyz

The stacked chart exhibits constant asset distribution throughout varied tokens like MGL, AAULF, and OUSG, pointing to early however regular diversification.

As institutional curiosity grows, this information hints that XRPL may develop into a severe RWA contender a lot prior to anticipated.

Institutional confidence grows as growth picks up

Institutional curiosity within the XRP Ledger is gaining traction, with companies like Mercado Bitcoin set to tokenize over $200 million in RWAs on XRPL; one in every of Latin America’s largest blockchain tokenization efforts.

The transfer exhibits confidence in XRPL’s infrastructure to host permissioned, regulated monetary merchandise throughout world markets.

Supply: Santiment

On the identical time, Santiment data shows a noticeable uptick in XRP’s growth exercise, significantly throughout late June, mirroring worth recoveries and institutional information cycles.

As initiatives transfer ahead, XRP Ledger’s rising exercise suggests it’s changing into a extra lively a part of the broader tokenization panorama.

A combined image

Supply: Polymarket

Hypothesis round a possible Ripple ETF approval is fueling optimism, with Polymarket pricing in an 88% likelihood by the top of 2025.

This confidence, whereas barely dipped, stays robust amongst merchants anticipating regulatory inexperienced lights.

Supply: Cryptoquant

On-chain, nonetheless, the XRP’s NVT ratio reveals a extra risky narrative. Spikes within the NVT ratio — usually seen as an indication of overvaluation — distinction with comparatively steady worth motion round $2.2.

This implies market worth could also be outpacing transaction utility at instances.

Whereas ETF hypothesis boosts sentiment, sustained on-chain progress shall be key to backing the valuation with actual community exercise.