XRPL Breaks Records with $131.6 Million in Tokenized Assets
Messari reported strong performance for the XRP Ledger (XRPL) in the second quarter of 2025. The network saw new tokenized real assets issued. XRP's market value grew steadily. Ripple's RLUSD stablecoin also expanded its presence. Network fee revenue decreased. This drop reflects XRPL's unique fee system.
XRPL saw significant growth in Q2 2025. New real-world assets (RWAs) were issued. Token activity increased. Real assets on XRPL hit a record market value. This value reached $131.6 million in Q2 2025. XRP ended Q2 2025 as the fourth largest crypto. Its market cap was $132 billion. That's an 8.5% rise from the prior quarter.
Messari's report highlighted the increase in RWAs. The market value of RWAs on XRPL reached an all-time high. This occurred by the end of the quarter. Several new offerings contributed to this growth. These were first announced at the XRPL Apex event. They included tokenized real estate. Guggenheim's digital trade paper was another. Ondo's tokenized Treasury fund was also launched. These new assets broaden what can be handled on XRPL.
Infrastructure also improved. RWA.XYZ added XRPL to its service in March. This allows tracking of RWA performance and activity. Thirteen RWAs are currently listed. More connections are expected.
XRP finished Q2 as the fourth biggest cryptocurrency. XRP is the Ledger's native token. Its market value stood at $132 billion. This was an 8.5% gain from the previous quarter. XRP's price also rose 7.1% in the same period. The upward trend continued after the quarter. XRP's market value increased further. It reached $166.8 billion. This solidifies its status as a major digital asset.
Transaction fees on XRPL are declining. The ledger's value has grown. Fee revenue has fallen. XRPL manages fees differently than many networks. Instead of paying validators, XRPL permanently removes transaction fees. Fees collected in US dollars fell. They dropped 38.7% from the previous quarter. This went from about $1.1 million to $680,900. Fees in XRP decreased 27.4%. This went from 425,300 XRP to 308,700 XRP.
Stablecoins on XRPL and Ethereum are growing. Ripple's RLUSD stablecoin gained more traction. It ended Q2 with a combined market value of $455.2 million. This was across XRPL and Ethereum. Later data shows continued growth for RLUSD. Its total market value reached $701.6 million. This is over a 16% increase in 30 days. On XRPL alone, RLUSD's market value was $65.9 million.
This was a 49.4% increase from the previous quarter. RLUSD is the top stablecoin on XRPL. Currently, its share on XRPL is $85.9 million. Another $615 million is on Ethereum. RLUSD's growth, the record for real assets, and XRP's steady increase show strong progress. XRPL ended Q2 2025 positively. The coming months will show how the network builds on this success. It will also show how it handles its fee model with rising asset demand.