XRP Ledger captured $4.1B of $13.5B in Real World Assets deployed across chains in 2024, outpacing Solana, Stellar, and Ethereum.
Macro & Markets ·
Real World Assets deployment across blockchain networks reached $13.5 billion in 2024, with the XRP Ledger capturing the largest share at $4.1 billion. Solana secured $2.8 billion, Stellar $2.7 billion, Avalanche $1.1 billion, and Liquid Network $1.0 billion, while Ethereum placed sixth with $799 million. The ranking positions XRP Ledger ahead of several major chains in RWA adoption by deployment value.
The XRP Ledger's lead reflects sustained institutional and developer interest in the network's capabilities for tokenizing real-world assets. The distribution shows concentration among a handful of chains, with the top three networks accounting for the majority of 2024's RWA inflows. Solana and Stellar's strong positions demonstrate competition for RWA deployment across multiple ecosystems.
The ranking highlights a shift from 2022 narratives about the XRP Ledger's viability. Whether this deployment lead will persist into 2025, how these figures break down by asset class, and whether growth rates vary across networks remain open questions. The metrics also do not clarify whether deployments reflect new originations or migrations of existing assets.