XRPL has reached $400 million in tokenized real-world asset (RWA) value in just 15 months, significantly outpacing several major blockchain networks, including Ethereum.
Evernorth revealed this in a recent report, while $XRP community commentator BankXRP amplified the findings across the crypto community. The comparison has drawn attention to XRPL’s accelerating tokenization activity and highlighted the network’s ability to scale at a pace comparable to some of the industry’s fastest-growing ecosystems.
Key Points
- XRPL reached $400 million in tokenized real-world asset value within just 15 months.
- It took Ethereum 36 months to achieve a similar milestone.
- XRPL recorded 78% year-to-date growth in tokenized assets, rising from $227 million to $404 million.
- The network currently ranks tenth globally in represented tokenized value, while Ethereum remains the market leader with $16.8 billion.
XRPL Hits $400M in Tokenized Value Faster Than Ethereum
The report compared how long major blockchain networks took to grow from $10 million to $400 million in tokenized asset value. According to the data, XRPL completed the milestone in just 15 months, whereas Ethereum required 36 months to achieve the same level.
Specifically, XRPL’s tokenized RWA market stood at approximately $10 million in January 2025. However, the valuation surged to $400 million by April 2026, allowing the network to accomplish the feat within 14.9 months.
In contrast, Ethereum’s tokenized RWA market measured around $10 million in September 2018 before eventually climbing to $400 million in September 2021, roughly 35.9 months later. Additionally, the data showed that XRPL outpaced Avalanche and Polygon by six and seven months, respectively.
XRPL Outperforms Ethereum in YTD Growth
Furthermore, XRPL has also outperformed Ethereum in year-to-date tokenized asset growth. According to Evernorth, XRPL’s tokenized value increased by 78% this year, rising from $227 million to $404 million.
Meanwhile, Ethereum’s tokenized value grew by 36%, increasing from $13.8 billion to $18.66 billion during the same period. Notably, several other blockchain networks have also recorded strong tokenization growth in 2026.
Among blockchains with more than $200 million in tokenized assets, SEI leads with 858% year-to-date growth. Plume follows with 366%, while zkSync Era and Stellar recorded growth rates of 361% and 131%, respectively.
$XRP Secures Top Position Among Enterprise-Focused Blockchain Networks
Meanwhile, XRPL has overtaken several enterprise-focused blockchain networks, including Aptos, Mantle, and Algorand. As of May 2025, XRPL ranked below those networks with a tokenized value of $116 million, while Aptos, Mantle, and Algorand stood at $120 million, $148 million, and $304 million, respectively.
However, the rankings have shifted significantly. XRPL now leads the group with $404 million in tokenized value, while Aptos and Algorand have declined to $64.9 million and $70.9 million, respectively. Although Mantle’s valuation climbed to $258 million, it remains below XRPL’s current level.
The development comes as competition intensifies among blockchain networks seeking dominance in the rapidly expanding tokenization market. According to data from RWA.xyz, XRPL currently ranks tenth globally in ‘represented’ tokenized value at $404.4 million. Nonetheless, Ethereum continues to dominate the sector with a tokenized valuation of $16.8 billion.