As Ripple continues to expand the $XRP Ledger infrastructure, facilitating adoption among institutions, the blockchain has continued to see a rapid increase in its holder count.
Following Ripple’s persistent push, $XRP Ledger is seeing renewed momentum in its tokenized asset market as the latest data from the real-world asset ecosystem shows that its number of RWA holders has soared by 25.16% over the last month.
XRPL RWA infrastructure expands
Just a few days ago, Ripple disclosed its new investments in two major companies solely for the purpose of advancing the $XRP Ledger infrastructure to foster institutional adoption of tokenized assets on the blockchain.
Ripple’s consistent push and expansion into the capital market follows its plan to position the $XRP Ledger as a leading platform for institutional finance and real-world asset tokenization.
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Apart from the surge in its RWA holders, data also shows that over a thousand developers and businesses are building on the network as $XRP Ledger continues to expand its infrastructure to offer enterprise-grade reliability, scalability, and cost-efficient transactions.
XRPL stablecoin market still underwater
Despite the notable surge in RWA holders on the $XRP Ledger, its stablecoin market did not show any major recovery; rather, it painted a mixed picture.
Per the data, the stablecoin market capitalization on the $XRP Ledger has fallen by 9.04% to $901.4 million over the same period.
However, the number of stablecoin holders also flashed positive momentum, surging modestly by 0.92% over the 30-day period to more than 60,240 addresses.
