Recent data reveals a rapid growth of real-world assets (RWAs) on the XRP Ledger, ranking it first in terms of growth rates among other blockchains.
XRP Ledger Records
Phil Kwok, co-founder of EasyA, highlighted the impressive growth of real-world assets on the XRP Ledger, recording a 32.27% increase over the past 30 days, raising the total asset value to $243.2 million. Kwok attributes this spike to the introduction of the RLUSD stablecoin and noted that further developments at EasyA Labs are expected to drive even more growth.
quote: "very impressive growth of the XRP ledger."
CITE_W_A: Phil Kwok
Comparison with Other Networks
In comparison with other networks such as Arbitrum and Plume, the XRP Ledger shows the best performance in percentage growth of RWAs. Arbitrum recorded an increase of 19.47%, while Plume saw a 12.62% growth. These figures highlight that XRP Ledger not only increases assets but does so more efficiently by focusing on high-quality tokens.
Community Analysis
A user on X noted that the growth in XRP Ledger is due to its appealing attributes, such as settlement speed and low transaction costs. They also emphasized that the growth is not driven by speculation but by real-world applications.
quote: "Tokenized assets are finding their settlement speed and reliability appealing."
CITE_NA: Community User Comment
The growth of real-world assets on the XRP Ledger, along with developments related to the RLUSD stablecoin, opens up new possibilities for the network, potentially leading to significant market share expansion.
