In just 15 months, XRPL has reached $400 million in tokenized real world assets (RWA) value, significantly surpassing several major blockchain networks including Ethereum.
Evernorth revealed this in a recent report, $XRP Community commentator BankXRP disseminated this finding throughout the cryptocurrency community. This comparison draws attention to XRPL’s accelerating tokenization activity and highlights the network’s ability to scale at a pace comparable to some of the industry’s fastest-growing ecosystems.
Important points
- XRPL reached $400 million in tokenized real-world asset value in just 15 months.
- Ethereum took 36 months to reach a similar milestone.
- XRPL recorded a 78% year-to-date increase in tokenized assets, increasing from $227 million to $404 million.
- The network currently ranks 10th in the world by tokenized value, while Ethereum remains the market leader at $16.8 billion.
XRPL hits $400 million in tokenized value faster than Ethereum
This report compared how long it took the major blockchain networks to grow their tokenized asset value from $10 million to $400 million. According to the data, XRPL achieved the milestone in just 15 months, while Ethereum took 36 months to achieve the same level.
Specifically, the XRPL tokenized RWA market was approximately $10 million in January 2025. However, the valuation skyrocketed to $400 million by April 2026, allowing the network to accomplish this feat within 14.9 months.
In contrast, Ethereum’s tokenized RWA market reached approximately $10 million in September 2018 and eventually rose to $400 million approximately 35.9 months later in September 2021. Additionally, the data showed that XRPL outperformed Avalanche and Polygon by 6 and 7 months, respectively.
XRPL outperforms Ethereum in year-to-date growth rate
Additionally, XRPL has also outperformed Ethereum in year-to-date tokenized asset growth. According to Evernorth, the tokenized value of XRPL has increased by 78% this year, increasing from $227 million to $404 million.
Meanwhile, Ethereum’s tokenized value increased by 36% over the same period, increasing from $13.8 billion to $18.66 billion. Notably, several other blockchain networks also recorded significant growth in tokenization in 2026.
Among blockchains with over $200 million in tokenized assets, SEI leads the way with 858% year-to-date growth. Plume followed with 366%, followed by zkSync Era and Stellar with growth rates of 361% and 131%, respectively.
$XRP Secure your top spot in enterprise blockchain networks
Meanwhile, XRPL has overtaken several enterprise blockchain networks, including Aptos, Mantle, and Algorand. As of May 2025, XRPL ranked below these networks with a tokenized value of $116 million, while Aptos, Mantle, and Algorand had $120 million, $148 million, and $304 million, respectively.
However, the rankings have changed significantly. XRPL currently leads the group in tokenized value with $404 million, while Aptos and Algorand have decreased to $64.9 million and $70.9 million, respectively. Mantle’s valuation has increased to $258 million, but is still below XRPL’s current level.
The development comes amid increasing competition among blockchain networks for an edge in the rapidly expanding tokenization market. According to data from RWA.xyz, XRPL currently ranks 10th in the world in “expressed” tokenized value with $404.4 million. Nevertheless, Ethereum still dominates the sector, with a tokenized valuation of $16.8 billion.
