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The $XRP Ledger is now pushing to overtake $BNB Chain as the fifth-largest network by total tokenized real-world assets.
While prices have struggled across the broader market, with the global crypto market cap losing $628 billion this year alone, the tokenization narrative has only gained steam, and the $XRP Ledger (XRPL) is riding on the momentum to secure its spot among the largest networks by real-world assets value.
Over the past 30 days, the XRPL has welcomed nearly $354 million worth of tokenized real-world assets (RWA), bringing its total RWA value to $1.874 billion at press time, excluding stablecoins. With this, the XRPL is now looking to overtake $BNB Chain as the fifth-largest network by RWA value after surpassing Solana last month.
Key Points
- While the $XRP price has struggled amid a broader market downturn, its tokenization market has thrived, adding $354 million in the last 30 days.
- The latest additions have brought $XRP’s total RWA value to $1.874, including distributed and represented assets, while excluding stablecoins.
- This places the $XRP Ledger sixth among the largest networks by tokenized real-world assets, immediately behind $BNB Chain with $2.3 billion.
- The XRPL’s journey to the sixth position saw it surpass Solana, which currently boasts $1.7 billion in RWA, excluding stablecoins.
- Now, the XRPL looks to overtake $BNB Chain as the fifth-largest chain, requiring an additional $400 billion to achieve this feat.
XRPL Surpasses Solana
$XRP’s campaign in the tokenization space picked up in Q4 2025 and has continued to gain steam. At the start of this year, the XRPL had $673 million worth of total RWA, excluding stablecoins, per RWA.xyz. While this represented an addition of $326 million from Q4 2025, nearly double the value, the ledger still trailed behind other prominent networks.
For instance, Solana boasted a whopping $1.1 billion worth of real-world assets at the start of 2026, outpacing $XRP. Moreover, other networks such as Polygon and Liquid stood above the XRPL, with the ledger sitting ninth among the largest networks by RWA.
Interestingly, today, the XRPL now hosts $1.874 billion worth of RWA, outpacing Polygon, Liquid, and even Solana. Currently, Solana features $1.7 billion in real-world assets, having added $600 billion this year. Meanwhile, $XRP has welcomed $1.2 billion within the same period, now the sixth-largest network.
$XRP Now Looking to Overtake $BNB
The $XRP Ledger has now set its eyes on $BNB Chain, which holds the fifth position with $1.9 billion. $XRP’s momentum has been undeniable, especially over the past 30 days, as it has recorded a 22.38% increase in total RWA value.
For context, this translates to an additional $354 million welcomed within this period, as the XRPL went from $1.520 billion in total RWA on Jan. 18, 2026, to the current figure of $1.874. Notably, Ondo’s US Government Bond, the Diamonds: AD Collection 1 products contributed mostly to this increase.
Now, the $XRP Ledger just needs to host an additional $400 million in RWA to overtake $BNB Chain as the fifth-largest network by total RWA, excluding stablecoins. Interestingly, when it comes to represented real-world assets alone, the XRPL shines, sitting fourth with $1.5 billion. It towers over Polygon and Ethereum. $BNB Chain and Solana do not make it to the top 10.
