XRPL RWA market cap nears $55 million to close in on ETH

XRPL’s tokenized real-world asset (RWA) market cap has surged toward $55.3 million, closing the gap with Ethereum’s RWA/treasury ecosystem (~$79.8 million). The article frames this as a meaningful shift in platform competitive dynamics: XRPL’s technical upgrades (including post‑quantum security) and rising institutional interest from firms like Mastercard, BlackRock and Franklin Templeton are cited as drivers. While Ethereum remains the leader in RWA and DeFi, XRPL’s rapid momentum could accelerate institutional allocations and intensify competition in tokenized treasury products, potentially affecting demand flows between chains and market positioning for ETHUSD over the near term.