The XRP Ledger experienced a significant surge in the third quarter, fueled by surging institutional adoption and substantial growth in real-world assets (RWA). According to Messari Research, XRP prices climbed 27.2% quarter-over-quarter, closing at an all-time high of $2.85. Its market cap also expanded significantly, outpacing Bitcoin, Ethereum, and Solana’s combined growth. This momentum was driven by a surge in RWA, reaching $364.2 million after experiencing 215% growth year-over-year. Real-world assets on the XRPL include tokenized U.S. Treasury bills, digital commercial paper, and real estate holdings. Ripple’s RLUSD stablecoin also performed exceptionally well, growing 34.7% to reach a market cap of $88.8 million, becoming the largest stablecoin on the network.