The XRPL’s 30-day RWA trading volume rocketed in tandem with tokenized assets and holder count. At press time, the $XRP Ledger had 286 RWA holders, up nearly 14% during the last 30 days.
On the other side, the network’s Distributed Asset Value (DAV) – which tracks the RWA tokens using this blockchain as a distribution layer – had gained over 8.8% in this period to $498.80 million. With around 379 RWA counts, at the time of publication, the $XRP Ledger had a reported $4.02 billion in Represented Asset Value (RAV), a figure that shows RWA tokens using the blockchain as a record-keeping layer.
As such, this massive jump in RWA’s transfer volume reflects high-velocity institutional trading among a small group of large holders. Furthermore, the United States Securities and Exchange Commission (SEC) recently stepped up to provide regulatory clarity as the CLARITY Act was delayed in the Senate.
$XRP price performance as RWA trading volume rocketed on $XRP Ledger
As $XRP Ledger exploded in RWA transfer volume, $XRP price gained bullish momentum. Over the past 30 days, $XRP price has added 7.99%, trading at approximately $1.52 at press time.
The token’s 24-hour trading volume had risen by over 81%, reaching $2 billion at reporting time, according to metrics from CoinMarketCap.
With $XRP being the native token for the $XRP Ledger, the rising institutional adoption of the XRPL’s RWA sector has boosted the token’s uptrend, as Finbold explained.
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