The growth of XRP Ledger is moving from a single price narrative to more specific chain-based financial applications. The latest data show that the real-world monetized assets on this network have exceeded $4 billion, significantly larger than the current XRP ETF market size of about $900 million.

Over $4 billion in monetized assets

According to Evernorth data, XRP Ledger currently contains over 500 monetized financial products of a total size of about $4 billion, covering bonds, United States Treasury-based products, funds and other real assets.

In terms of structure, this means that the expansion of the XRP network no longer depends solely on secondary market transactions. As more traditional financial assets are mapped on the chain, the positioning of XRP Ledger is moving towards a clearing and asset distribution infrastructure.

Institutional settlement and increase in ETF funds

The article mentions that earlier in the year, a transaction involving the monetization of United States Treasury bonds by Morgan Chase, Ondo Finance and MasterCard allegedly took four seconds to complete the settlement on XRP Ledger. This case was used to illustrate the processing capacity of the network in terms of agency-level transfers and liquidation.

At the same time, financial flows to the end of the investment product are increasing. Evernorth states that the spot XRP ETF has recorded a net inflow for eight consecutive weeks, showing that institutional funds continue to enter the relevant products against the background of market fluctuations.

  • The last full week of June net inflows were about $23 million.
  • Cumulative net inflow of approximately $1.47 billion
  • Current XRP ETF market size is about $900 million

New wallet created back up

In addition to the flow of assets and funds, the chain is also gaining momentum. The data show that in the last full week of June, XRP's new wallets grew by about 40 per cent, to the highest weekly level in March.

The growth of new wallets is usually seen as a direct signal of user access to networks and increased ecological participation. If this trend continues, the growth sources of XRP Ledger will cover the three dimensions of asset issuance, institutional configuration and user expansion.

Overall, the report shows that XRP-related needs are being used from ETF financial flows to RWA uplinks and links. This type of data better reflects the ability of networks to sustain real financial activity than simply price fluctuations.