XRP Ledger has officially overtaken Ethereum in tokenized commodity market capitalization growth. Since the start of 2026, net capital inflows into tokenized commodities on XRPL totaled $2.2 billion, compared to $1.6 billion for Ethereum. This leadership shift is explained by XRPL’s architecture, whose built-in IOU mechanism enables minimal transaction costs and 3 to 5 second settlements. The main driver was the launch of tokenized electricity-generation contracts JMWH by Latin American company Justoken. On-chain indicators reveal an activity explosion: monthly RWA transfer volume increased 224-fold to reach $7.03 billion, and the total value of represented assets surged 56% to $4.52 billion in thirty days.
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