Evernorth: About 90% of XRP Ledger RWA Is Not Circulating On-Chain
- —XRP Ledger RWA grew 2.9x since February to $5.05 billion
- —XRP Ledger ranks 4th by total RWA but 10th by circulating RWA
- —501 of 539 active MPTs have two or fewer holders
- —Only 0.27% of the $972 million RLUSD sits in AMM pools
Why it matters: The report highlights the gap between tokenization volume and real on-chain liquidity, limiting how RWA can be used in DeFi.
Source: CoinPost