   
The XRP Ledger (XRPL) is emerging as one of the top performers in the blockchain sector, following a notable Q3 report that revealed significant network growth and institutional traction.
According to the latest State of XRP Ledger update from Messari, the platform has implemented institutional-grade features designed to support the growing sector of tokenized real-world assets (RWA) and supporting decentralized finance (DeFi) ecosystems.
Key metrics showed a strong quarter-on-quarter increase: XRP price increased by 27.2%, RWA market capitalization on XRPL increased by 215.3%, and average daily transactions increased by 8.9%.
This rise reflects a broader trend emerging within the XRP ecosystem, focused on liquidity and the integration of real-world assets.
Since the beginning of 2025, US Treasuries tokenized in XRPL have expanded from approximately $5 million to nearly $170 million, representing a staggering 34-fold increase. That growth has transformed XRPL into a more robust and functional market for institutional investors seeking blockchain access to low-risk, profitable assets such as Treasuries and bonds.
As of mid-October, the network hosts around $365 million in tokenized RWA in total, making XRP a viable bridge between traditional finance and the blockchain economy.
Supporting this liquidity shift is Ripple’s RLUSD stablecoin, which quickly reached a market capitalization of $898 million, according to data from CoinMarketCap. Its launch created a native cash equivalent on XRPL, facilitating stable settlements and secured transactions between institutions.
Major players like Franklin Templeton are already taking notice. The asset manager recently partnered with Ripple to enable customer swaps between a tokenized money market fund and RLUSD, marking the start of a broader financial onboarding.
As the ecosystem matures, XRP fundamentals continue to strengthen. Each transaction on XRPL burns a small portion of XRP, reducing the overall supply and potentially increasing the long-term value of XRP.
Combined with growing institutional adoption and rapid expansion of tokenized assets, the network’s utility is deepening across multiple sectors.
