XRP Ledger Surpasses Ethereum in Tokenized Commodity Growth
XRP (XRP)
Editor:
Eugene Serbin
u.today reports that the XRP Ledger has officially overtaken Ethereum as the leading network for tokenized commodity market capitalization. Data from Token Terminal and the RWA Foundation shows XRPL attracted $2.2 billion in net capital inflows for tokenized commodities since the start of 2026. Ethereum secured second place with $1.6 billion in inflows during the same period.
Other networks lagged significantly, with Avalanche ranking third at $334.5 million and BNB Chain fourth at $57.5 million. This shift is attributed to XRPL's protocol-level tokenization, which offers near-zero transaction costs and 3–5 second settlement times. The primary driver was the energy sector, specifically Justoken's launch of tokenized electricity-generation contracts named JMWH.
Major players like Franklin Templeton, Ondo Finance, and DAMAC are also adopting XRPL infrastructure for various real-world assets. Despite this commodity lead, Ethereum maintains dominance in total RWA value due to U.S. government bonds. Industrial capital has clearly preferred Ripple-backed technology for physical goods and commodities.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 6 October 2026. Not the outlet's figures.
XRP is trading at $1.51 with a 1-hour buy ratio of 50.1% and a 4-hour buy ratio of 54.9%. These short-term metrics indicate a slight edge for buyers compared to the 24-hour buy ratio of 46.5%. The 1-hour volume delta is positive at $8,636, while the 4-hour delta stands at $3,284,063. However, the 24-hour volume delta is negative at -$10,517,162, suggesting that recent selling pressure has outweighed buying over the full day. The cumulative volume delta for the 24-hour period closed at +$7,510,222, indicating net accumulation over the longer timeframe. Spot volume reached $149,790,145 with 464,256 trades executed.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.4%, making the latest day's performance 2.9 percentage points lower than the weekly average. Weekly volume was 0.73 times the average, indicating a quieter trading period compared to typical days. Only 2 of the past 7 days saw net buying, highlighting a generally mixed trend. The price changed by just +0.7% over the 8-day period. Total volume delta for the week was -$27,613,584, contrasting with the positive 24-hour accumulation.