Data from RWA.xyz shows the XRP (XRP) Ledger trails far behind Ethereum (ETH), BNB Chain, Solana (SOL), and several other networks in distributed value, ranking just eighth with $458.46 million.
XRP Ledger's RWA Rankings
The numbers paint a stark picture. Ethereum leads all blockchains in distributed RWA value at $15.54 billion. BNB Chain follows with $3.5 billion, while Solana holds $1.949 billion.
Stellar (XLM) and Liquid Network round out the top five at $1.41 billion and $1.32 billion, respectively.
The XRP Ledger does not crack that group — it sits in eighth place, behind Arbitrum and Avalanche (AVAX).
User adoption tells an even tougher story. The XRP Ledger ranks 10th by user count with fewer than 5,000 participants. Plume leads that category with 259,000 users, followed by Solana at 184,000 and Ethereum at 164,000.
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There is one metric where the XRP Ledger performs well. In represented asset value — a measure of total asset worth linked to a blockchain, including off-chain backing — it ranks second at $1.5 billion.
Only ZKsync Era sits higher at $2.2 billion. That puts the XRP Ledger ahead of Ethereum, Solana, and Plume on this specific measure, suggesting active institutional participation on the network even as broader usage lags.
RWA Market Hits $28.79B
The broader RWA sector continues to expand rapidly. According to RWA.xyz, total distributed asset value across blockchains now stands at $28.79 billion, up 8.65% over the past 30 days. The number of asset holders has reached 715,281, a 5.44% monthly increase.
Represented asset value sits at $284.78 billion. Tokenized U.S. Treasuries alone account for roughly $12.88 billion, making government debt the single largest on-chain RWA category. Ripple and BCG have projected the tokenized RWA market could grow from approximately $0.6 trillion in 2025 to $18.9 trillion by 2033.