XRP Ledger hits RWA market value as big players join the blockchain boom

The blockchain behind XRP cryptocurrency (XRPL) completed a record RWA market capitalization of $131.6 million in the second quarter of 2025. The growth is driven by new issuance assets announced by Singapore’s XRPL Apex, data from Messari.

Some of the most important additions include Ondo’s OUSG tokenized fiscal fund, Guggenheim’s digital commercial paper and Ctrl Alt’s symbolic real estate.

XRP Ledger sees mixed quarters

The surge in real-world assets on XRPL lays the foundation for wider network activity, but despite the release of these high-profile launches, the daily engagement metrics highlight the slowdown in contrast.

In the second quarter, most network metrics showed a decline, but the notable exception was the total address, which increased from 6.3 million quarters to a quarter of 4%. The daily average active address dropped sharply by 41.2% to 75,200, while the total new address dropped by 46.2% to 305,800, as the network witnessed a decrease in engagement among new and existing users.

Despite this quarterly slowdown, the year-on-year figures remain strong, with an average daily activity address up 165.5% and a 219.8% increase in new addresses. The network’s average daily transactions also fell 20% in the second quarter, recording 1.6 million.

On the other hand, Stablecoin metrics remain strong. At the end of the second quarter, Rlusd, a USD-backed Stablecoin, hit a market cap of $65.9 million on XRPL. As RLUSD solidifies its position as the largest Stablecoin on the network, the number represents more than 49% of the quarter.

Other releases during the same period include Circle’s USDC, Braza Group’s USDB, Schuman Financial’s Eurøp and Stratsx’s XSGD, which expands the XRPL Stablecoin ecosystem.

Meanwhile, NFT activity on the network recovered strongly in the second quarter as the daily average total trading rose from 15,400 to 50,400. The main driver is the tenfold jump of NFT casting, which rises to 37,800 per day, while other NFT transaction types mostly remain the same.

Interestingly, Nftokenmint was reappeared as the main trading type after quiet Q1 2025, similar to its surge in the fourth quarter of 2024. By quarter, the XLS-20 standard accounted for nearly 13.5 million NFTs, including 3.4 million quarters, of which 3.4 million Q2 2023 Billion, from 2024 Q4 2024 Q4 2024 Q4 2023 Q4 2023 Q4 2023.

XRP’s chin hanging upward potential

Over the past day, its local token XRP XRP fell below key level $3. Despite the setbacks, the new regression model has sparked speculation that Altcoin may one day reach $200.

Analyst Egrag Crypto applied linear regression on the logarithmic scale, pointing out that the R square value is 0.84754, indicating a strong historical correlation. The model outlines three potential outcomes: $18, $27, or a huge $200 expiration based on XRP interactions.