XRPL Witnesses Booming RWA Value as Institutional Interest Skyrockets, Additional 5M RLUSD Token Minted
The post XRPL Witnesses Booming RWA Value as Institutional Interest Skyrockets, Additional 5M RLUSD Token Minted appeared on BitcoinEthereumNews.com.
The Real World Assets (RWA) value on the XRP Ledger (XRPL) has increased from $5 million in January 2025 to $118 million in July, signaling strong institutional interest. Five million RLUSD tokens have also been minted on the Ethereum blockchain, with 77.5 million minted in July alone. While XRP is nearing its all-time high price of $3.8 at a jaw-dropping pace, its underlying blockchain, XRP Ledger (XRPL), witnesses booming activities as the value of tokenized Real World Assets (RWA) on it jumps by a staggering 2,260% in almost seven months. The Details of the Report According to a report published by Token Relations and Ripple, the value of tokenized RWA on XRPL was around $5 million in January 2025. Today, this has significantly increased to more than $118 million. Fascinatingly, the reason has been attributed to the rising interest in tokenized assets by major institutions like the U.S. Treasuries. Apart from this, XRPL has also become a dominant force in the Decentralized Finance ecosystem as its Total Value Locked in this sector surges by 57% to $86.66 million. On top of this, its daily transaction is averaging 1.77 million, triggered by the increasing use of stablecoin and Decentralized Exchanges (DEX). Source: Token Relations and Ripple Amidst the backdrop of this, Ripple’s stablecoin RLUSD has just crossed a market cap of $530 million after 5 million tokens were just minted on the Ethereum blockchain. In July alone, 77.5 million have so far been minted. RLUSD is also expected to be accessed by a wider user base as AMINA Bank announces support for its custody and trading for institutional clients, as we covered in our latest report. XRPL’s Strong Network and Ongoing Adoption The success of XRPL has been attributed to its strong network which is evident in its more than 170…
