According to data from RWA.xyz, over the past 30 days, the value of Real World Assets on BNB Chain has increased by 1,540%, making it the biggest gainer. Following the network, XRPL has seen a 52.2% increase.
In contrast, major protocols by value, including Ethereum, Aptos, Solana, Stellar, and others, have lost value over the same time period.
BNB Chain now holds 0.33% of the market. Furthermore, the main catalyst for its growth is the VanEck Treasury Fund (VBILL).
VBILL is VanEck's first tokenized fund. It is available on multiple blockchains, including BNB Chain, Avalanche, Ethereum, and Solana. It offers on-chain access to short-term U.S. Treasury bonds.
Similarly, RWA's growth on XRPL was led by the OpenEden TBILL Vault. Meanwhile, Phil Kwok, co-founder of EasyA, also attributed the growth to Ripple's RLUSD stablecoin.
It's worth noting that XRPL has recently made notable strides in tokenization. Previously, Ripple partnered with Ctrl Alt to support the Dubai Land Department's Real Estate Tokenization Project on the XRPL. Additionally, in June, Circle's USDC stablecoin launched on the network.
Notably, Ripple itself is quite optimistic about the growth of the entire sector. In a report, the firm predicted that the real-world asset sector could reach up to $18.9 trillion by 2033.
However, not everyone shares this positive view. Recently, financial giant JPMorgan stated that the overall tokenized asset market remains "fairly insignificant."