XRP Ledger Achieves Record RWAs in Q2 2025, Elevating XRP Value

XRPL Growth in Q2 2025

• Record Market Cap for RWAs: The market capitalization of real-world assets (RWAs) on the XRP Ledger (XRPL) reached $131.6 million by the end of Q2 2025, marking the highest level to date. This growth was bolstered by new issuances showcased at the XRPL Apex event in Singapore, including tokenized real estate and digital commercial paper.
• Infrastructure Advancements: The integration of XRPL into the RWA.XYZ platform allowed users to track tokenized asset performance, with thirteen RWAs added by the end of the quarter. Further integrations are anticipated.

XRP Market Performance

• Market Capitalization Increase: XRP's market capitalization rose to $132 billion by the end of Q2 2025, reflecting an 8.5% increase from Q1. The token's price also saw a 7.1% rise during the same period.
• Continued Momentum: In July, XRP's market value further increased to $166.8 billion, solidifying its position as the fourth-largest cryptocurrency by market cap.

Network Fee Dynamics

• Decrease in Network Fees: Despite asset growth, XRPL experienced a 38.7% decline in network fees, dropping from $1.1 million to $680,900. In XRP terms, fees fell by 27.4%, from 425,300 to 308,700 tokens, as fees are permanently destroyed rather than distributed to validators.

RLUSD Stablecoin Expansion

• Growth of RLUSD: Ripple's RLUSD stablecoin achieved a combined market capitalization of $455.2 million across XRPL and Ethereum by June 2025. On XRPL, RLUSD's value increased by 49.4% to $65.9 million.
• Recent Market Cap Update: More recent data indicates RLUSD's market cap has risen to $701.6 million, with $85.9 million on XRPL and $615 million on Ethereum, showcasing strong adoption and growth in tokenized assets.

These developments highlight the ongoing expansion of the XRP ecosystem, with significant growth in both real-world assets and stablecoin adoption as Q2 2025 concluded.