XRP Ledger Overtakes Solana in $1.76B RWA Market

Edgen Crypto

·Feb 11 2026, 23:14

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Key Takeaways

The XRP Ledger (XRPL) has surpassed Solana in a key metric for institutional adoption, now leading in the value of tokenized real-world assets (RWAs). This shift signals growing competition among blockchains to become the primary rails for tokenizing traditional financial assets.

Leadership Change: As of February 11, the XRP Ledger holds approximately $1.756 billion in on-chain RWA value, excluding stablecoins.
Solana's New Rank: Solana now follows with $1.682 billion in tokenized RWA value, highlighting a competitive shuffle in the sector.
Strategic Implications: The event positions the XRP Ledger as a more formidable player in the high-growth RWA space, potentially attracting new projects and increasing demand for its native token, XRP.

XRPL Captures Lead With $1.76B in Tokenized Assets

The XRP Ledger (XRPL) has established a new lead over Solana in the burgeoning market for real-world asset (RWA) tokenization. According to data from RWA.xyz on February 11, 2026, the total value of tokenized assets on the XRPL reached approximately $1.756 billion. This figure pushes it ahead of Solana, which recorded $1.682 billion in the same category, which excludes stablecoins. The data marks a significant milestone for the XRP Ledger, validating its capabilities as a platform for bringing traditional assets like real estate, commodities, and securities onto the blockchain.

Blockchain Competition for RWA Dominance Intensifies

This leadership change underscores the intensifying battle among major blockchains to dominate the RWA sector, which is widely seen as a critical bridge between traditional finance and the digital asset economy. By securing a top spot, the XRP Ledger enhances its appeal to developers and institutions looking to tokenize assets, a process that can increase liquidity and efficiency. For Solana, the shift signals mounting competition in a key growth vertical it has historically performed well in. The development moves the focus of competition beyond simple transaction speeds to specialized, high-value use cases like asset tokenization, which could influence future capital and project flows within the respective ecosystems.