XRP Tops Ethereum, Solana in 90-Day RWA Inflows

The XRP Ledger logged $1.9 billion in net real‑world asset inflows over the past 90 days, according to data from the RWA Foundation. That total exceeded Ethereum’s $1.6 billion and Solana’s $611 million for the same period.

RWA Foundation numbers show other chain inflows as Stellar $1.4 billion, BNB Chain $848 million, Avalanche $362 million, Sei Network $202 million and Mantle $90 million over the 90‑day window. The broader tokenized asset market tracked by RWA.xyz records $33.5 billion in distributed asset value and about $350 billion in represented asset value.

On the XRPL, RWA.xyz separates tokenized activity into represented asset value and distributed asset value. Represented assets on the ledger are about $3.6 billion while distributed assets that settle natively on protocols total roughly $360.25 million. Ethereum retains about 52.8% of the tokenized asset market, holding roughly $17 billion in tokenized assets overall.

Institutional treasury firm Evernorth described XRPL inflows as dominated by episodic, treasury‑scale commitments. Its analysis says the activity often takes the form of single‑tranche bond and fund originations rather than many small retail transactions. Commercial banks and asset managers are using the ledger to test tokenized fixed‑income securities and fund products.

Stablecoin liquidity on XRPL has increased alongside settlement activity. RWA.xyz data shows XRPL’s stablecoin market capitalization at $907.63 million, a 73.44% rise over a rolling 30‑day period. Thirty‑day stablecoin transfer volumes on the ledger rose 90.90% to $4.86 billion.

Ripple has adjusted infrastructure and integrations to handle larger institutional settlement flows and has expanded operational mechanics tied to its RLUSD stablecoin to support on‑ledger transactions. Those upgrades are being used in trials of tokenized fixed‑income and fund operations, with settlement relying on available stablecoin liquidity.

Exchange and wallet‑flow data indicate a geographic concentration of XRP trading activity. Wallet‑flow analysis from CryptoQuant shows Upbit’s share of global XRP deposit and withdrawal activity rose from 13% on June 7 to 31% on June 14. Over a similar period, Coinbase’s share dropped from 27% on May 7 to 0% by June 14, Binance’s share fell from 16% to 13%, and Crypto.com’s share declined from 9% to 3%.

Spot price activity mirrored the on‑ledger and exchange changes. XRP traded up more than 5% in a 24‑hour span, testing an intraday high near $1.29 before trading around $1.24 during the same session.

Derivatives data show a controlled rebuilding of positions rather than a surge in unhedged leverage. On Binance, total open interest in XRP futures reached about 486.8 million XRP, with a 30‑day moving average near 484.8 million XRP. The open interest Z‑score registered around 0.19, within normal historical bounds.

Tokenized real‑world assets on blockchains include digitized sovereign debt, private credit and multi‑asset funds. The figures reported for XRPL and other Layer 1 networks reflect short‑term capital flows and settlement activity as institutional pilots for issuance and on‑ledger settlement continue.