$XRP now accounts for more than 26% of the total global tokenized commodity market, becoming the second-largest network in the sector.
The $XRP Ledger‘s recent dominance growth comes on the back of an additional $895 million added to the JMWH product from Justoken hosted on the network, pushing its share from 15% to 26% overnight.
Key Points
- $XRP accounts for over 26% of the global tokenized commodity market, currently worth more than $7 billion.
- About $2 billion in tokenized commodities sits on the XRPL, making it the second-largest network in the sector, only behind Ethereum.
- $XRP’s tokenized commodity value comes solely from the JMWH product from Justoken.
- Justoken expanded the product by nearly $900 million last month, leading to $XRP’s 26% market share.
$XRP Now Hosts 26% of the Global Commodity Market
This is according to data sourced from the RWA analytics platform RWA.xyz. For context, the entire global tokenized commodity market has grown to $7.7 billion at press time, reflecting increasing momentum and interest in RWA tokenization, one of the most bullish narratives in recent times.
This market was worth a mere $1 billion in early 2025, but grew to $4.2 billion by the end of the year. This year alone, it has added $3.5 billion within five months, leading to the current $7.7 billion figure.
Of this total, the $XRP Ledger accounts for exactly $2.043 billion, representing 26% of the global market. Notably, with this figure, the XRPL stands as the second-largest network by tokenized commodity value, only behind Ethereum, which hosts $4.9 billion worth of the products, about 63.19%.
$XRP Seeing Rapid Growth
$XRP’s recent market growth comes from an increase in the value of the JMWH product from Justoken, a tokenized energy product resident solely on the $XRP Ledger, which represents watts of real-world electricity.
Specifically, the value of JMWH increased by a whopping $895.6 million within a single day last month, bringing its total worth to $1.76 billion. Currently, JMWH accounts for more than 86% of the total tokenized commodity value on $XRP, making it the biggest product in the ecosystem.
With JMWH’s growth, the value of tokenized commodities on the XRPL has risen by an impressive 79% over the past 30 days, as $XRP sees the largest spike among the top 10 ecosystems. The 26% market share currently held by $XRP indicates a 69.67% increase from 15% over the past 30 days.
Meanwhile, besides JMWH, multiple commodity products from Ctrl Alt also reside in the $XRP ecosystem. For instance, the XRPL hosts $105 million worth of the Diamonds: AD Collection 1 and $46 million worth of the Diamonds: SD Collection 1.
