What to know:
- Evernorth research showed XRP reached $400 million in tokenized assets within 15 months.
- Institutional inflows reportedly drove most XRP tokenization growth throughout this year.
- XRP overtook several enterprise blockchain rivals within expanding tokenization market activity.
Evernorth has released new research showing XRP rapidly expanding its position within the tokenized asset sector, with the network recording one of the fastest growth rates among major blockchain infrastructures. According to the report, XRP moved from roughly $3 million in tokenized assets in September 2024 to more than $400 million within less than two years.
The research also showed XRP reaching key tokenization milestones faster than several established blockchain networks, including Ethereum, Polygon, and Avalanche. According to Evernorth, the network’s accelerating growth reflects increasing institutional participation, particularly as large financial issuers continue to explore blockchain infrastructure for tokenized assets.
XRP Records Faster Tokenization Growth Than Major Blockchain Rivals
Evernorth analyzed tokenized asset activity across 29 blockchain networks between September 2018 and May 2026. According to the report, XRP reached $400 million in tokenized value within 15 months after crossing the $10 million threshold.
Ethereum reportedly required 36 months to achieve the same milestone. Additionally, Polygon and Avalanche expanded more slowly during comparable growth periods. Consequently, Evernorth argued that XRP now ranks among the fastest-scaling blockchain networks within the tokenization market.
The report stated that XRP’s growth pace places the network alongside Solana, Arbitrum, and zkSync Era in terms of tokenization efficiency. However, Evernorth noted that XRP achieved this expansion without depending on concentrated launch advantages that benefited some competing networks.
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The research suggested that current market rankings alone do not fully reflect where institutional tokenization activity is heading. According to Evernorth, growth momentum and issuer adoption patterns provide stronger indicators of future blockchain positioning.
source: Evernorth research
Institutional Inflows Continue Strengthening XRP Activity
The report also highlighted XRP’s unique growth structure compared with Ethereum and several rival chains. According to Evernorth, only 20 trading days accounted for 96% of XRP’s tokenization growth during the past year.
Meanwhile, Ethereum reportedly generated growth through hundreds of smaller inflows distributed more evenly across trading activity. Consequently, Evernorth linked XRP’s expansion to large institutional commitments instead of steady retail accumulation.
Several of XRP’s largest inflow days reportedly aligned with treasury-scale tokenization transactions entering the network within short periods. According to the report, this pattern reflects increasing participation from institutional issuers exploring blockchain settlement infrastructure.
ANALYSIS: A recent report by Evernorth indicates that $XRP is emerging as a rapidly growing tokenization network. It is seeing institutional-sized RWA inflows, scaling faster than Ethereum, and experiencing increasing adoption in blockchain-based financial markets. pic.twitter.com/DKtuDrFOHL
— 36crypto (@36Crypto2) May 28, 2026
Besides growth concentration, Evernorth pointed to XRP’s transaction speed and low operational costs as important adoption factors. The report stated that XRP processes transactions within seconds while maintaining extremely low fees for settlement activity.
Additionally, Evernorth argued that these conditions align closely with the operational demands expected by regulated financial institutions entering tokenized finance markets.
XRP Overtakes Enterprise Blockchain Competitors
Evernorth also compared XRP against enterprise-focused blockchain networks, including Algorand, Mantle, and Aptos. According to the report, all three networks previously maintained larger tokenized asset positions than XRP one year ago.
However, XRP has now moved ahead of those competitors in tokenization activity. Although the report did not confirm direct asset migration between networks, Evernorth stated that issuer preference appears to be shifting toward XRP.
The research further described XRP’s growth curve as one of the strongest among comparable Layer 1 blockchain infrastructures entering tokenization markets after 2023. Ethereum remains the dominant blockchain network by total tokenized asset value.
However, Evernorth’s research showed XRP rapidly gaining momentum through institutional-scale inflows and accelerated tokenization growth. The findings suggested XRP is becoming an increasingly important network within the expanding tokenized finance sector.
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