XRP Ledger recorded $1.9 billion in net real-world asset inflows over the past 90 days, placing it ahead of Ethereum, Stellar, BNB Chain and Solana in the latest tracked RWA flow snapshot.
Ethereum followed with $1.6 billion in net inflows, while Stellar ranked third at $1.4 billion. BNB Chain added $848 million over the same period, and Solana recorded $611 million. The ranking excludes stablecoins, making it a narrower read on tokenized real-world assets rather than total dollar-token liquidity across networks.
The result gives XRPL a sharper RWA narrative at a time when tokenized assets are becoming one of crypto’s strongest institutional growth areas. The network has long been associated with payments and settlement, but the latest 90-day flow table puts it directly inside the competition for tokenized Treasuries, credit, funds, commodities and other real-world asset products.
XRPL Moves Beyond Payments Narrative
XRPL’s current RWA footprint includes $3.66 billion in represented asset value and $360 million in distributed asset value, with 302 listed RWA assets and $929 million in stablecoin market value on the network. The split matters because represented assets and distributed assets are not the same measurement. Represented value can include assets referenced or mirrored onchain, while distributed value reflects assets using the blockchain as the direct distribution layer.
That gives the 90-day inflow figure a different role. It measures where RWA value has recently moved, not simply which chain holds the largest total stock of tokenized assets. Ethereum still dominates the broader RWA table by total value, but XRPL’s inflow lead shows fresh momentum around its institutional asset layer.
Ripple’s stablecoin and settlement stack also supports that positioning. RLUSD already sits among the largest XRPL-linked asset entries, while the network’s tokenization push has expanded through regulated collateral, payment rails and bank-facing experiments.
Tokenized Treasury Activity Adds Context
The strongest XRPL RWA story this year has been its move into institutional settlement workflows. Ondo, Ripple and JPMorgan’s Kinexys platform previously connected XRP Ledger to bank-payment rails in a tokenized Treasury pilot, giving the chain a role beyond simple asset issuance.
That pilot showed how tokenized fund redemptions can connect onchain assets, stablecoin settlement and traditional banking infrastructure. It also helps explain why XRPL’s RWA traction is being watched closely by traders and institutions. Tokenized assets need low-cost transfers, predictable settlement, issuer controls and liquidity routes that can connect to existing financial rails.
The wider RWA market has also kept expanding across chains. Tokenized asset adoption has already pushed RWA holders near 789,000, while tokenized Treasuries, credit and commodity products continue to deepen the market beyond early stablecoin use cases.
Ethereum Still Leads Total Value
XRPL’s 90-day inflow lead does not mean it has overtaken Ethereum by total RWA value. Ethereum remains the largest network for tokenized real-world assets, with deep issuer adoption, liquid DeFi integrations and a larger base of tokenized Treasury, credit and fund products.
The cleaner read is momentum. XRP Ledger led the latest 90-day net inflow table with $1.9 billion, ahead of Ethereum’s $1.6 billion and Stellar’s $1.4 billion, while BNB Chain and Solana followed with smaller but still meaningful inflows. That puts XRPL at the front of the recent RWA flow race, even as Ethereum continues to hold the largest overall network footprint.
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