Asheesh Birla, CEO at Evernorth and a long-time government inside the XRP ecosystem, identified a change in the Real-World Asset (RWA) leaderboard: the XRP Ledger (XRPL) has overtaken Solana in complete tokenized RWA worth. His remark highlights what he sees as accelerating institutional adoption on XRPL, significantly in segments that bridge conventional finance and blockchain infrastructure.
RWAs signify tokenized variations of conventional monetary devices; such as treasuries, funds, credit score merchandise, and stable-value property. When RWA issuance grows on a specific chain, it usually signifies that establishments are selecting that community for compliance-friendly deployment. Birla’s argument is that XRPL’s design, with built-in options and guardrails that mirror facets of current monetary market infrastructure, is more and more enticing to institutional individuals looking for readability and construction.
RLUSD Development and Increasing Liquidity
A key a part of Birla’s thesis facilities on RLUSD. The stablecoin scaled from zero to over $1 billion in issuance inside months final 12 months, and distribution has continued increasing. Its current full integration on Binance is one other step in broadening entry and deepening liquidity. Stablecoin development sometimes acts as a foundational liquidity layer for tokenized property and on-chain markets, and rising issuance usually precedes greater transactional exercise.
The mixture of RWA development and stablecoin liquidity suggests a maturing ecosystem quite than a short-term spike. If capital is flowing into tokenized treasuries or credit score instruments on XRPL, deeper liquidity swimming pools turn out to be important. RLUSD’s enlargement might due to this fact be reinforcing broader adoption tendencies.
DEX Exercise Hits 13-Month Excessive
The chart offered reveals XRP Ledger decentralized trade (DEX) transaction counts reaching a 13-month excessive at the begin of 2026. After fluctuating between roughly 400,000 and 800,000 each day transactions all through 2025, exercise has pushed towards the higher finish of that vary, nearing a million transactions per day.
Rising DEX transaction counts sometimes point out rising on-chain participation. Extra transactions can translate into tighter spreads, improved liquidity, and better capital effectivity throughout buying and selling pairs. The upward pattern in exercise aligns with the broader narrative of increasing RWA and stablecoin use instances on XRPL.
Despite the fact that short-term pumps in transaction quantity can happen in periods of volatility, the broader sample right here seems to present sustained development quite than a one-off occasion. That’s essential when assessing whether or not adoption is structural.
Learn additionally: Here’s the XRP Price If Clarity Act Passes and Ripple Achieves Integration with US Banks
Infrastructure Growth: XLS-66 and New Capabilities
Birla additionally referenced ongoing validation of XLS-66, an modification that introduces further capabilities to the community. Every new primitive expands what builders and establishments can construct on XRPL, from extra superior monetary devices to improved liquidity coordination and institutional-grade tooling.
As with every blockchain ecosystem, technological upgrades and institutional participation have a tendency to reinforce each other. If the infrastructure continues to evolve whereas capital inflows enhance, the aggressive panorama amongst Layer 1 networks in the RWA sector might shift additional.
For now, the knowledge factors (RWA management, RLUSD development, and rising DEX exercise) point out that XRPL is getting measurable traction in areas historically related to institutional finance.
Learn additionally: XRP + JASMY: Two Undervalued Crypto Projects Flying Under the Radar
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