DeFi· ★★★· neutral·

XRPL's $2.2B Commodity Tokenization Rests on a Single Energy Token JMWH

  • —Justoken's JMWH is valued at $2.229 billion across 37.15 million tokens and 165 holders
  • —JMWH accounts for 89% of all commodity value on the XRP Ledger
  • —The largest diamond collection, DIA-AD-COL1, is worth $105.2 million
  • —Total represented RWA value on XRPL is $4.52 billion, with $7.03 billion in monthly transfer volume
Why it matters: XRPL's commodity tokenization lead hinges on one asset, offering little evidence of durable demand for XRP itself.
Source: Cryptonews.com