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.
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.
U.Today Editorial Team
Dan Burgin
