XRP Eats 70% of the $3.55B Commodity Market While the Rest of Crypto Picks Crumbs 🥩

The XRP Ledger now hosts more than 70% of the global represented tokenized commodity market, according to data from analytics platform RWA.xyz. The XRPL controls $2.5 billion of the $3.55 billion represented commodity sector, giving it a 70.4% dominance rate. Polygon holds the second-largest share at $661.2 million, while Arbitrum trails with $482,700.

The global tokenized commodity market stands at $8.08 billion as of press time, marking a year-to-date increase of $3.84 billion from the $4.24 billion recorded at the start of the year. That $3.84 billion rise already exceeds the $3.2 billion the market posted in all of 2025. Distributed commodities, which can be moved outside the issuing platform, account for $4.53 billion of the total, while represented commodities, which cannot be transferred off the issuing platform, total $3.55 billion.

The majority of commodity value on the XRP Ledger comes from the JMWH product provided by Justoken, which carries a value of $2.229 billion, representing more than 89% of the total commodities within the XRP ecosystem. These commodities make up roughly 57% of the $4.4 billion in total tokenized real-world assets sitting on the XRPL.

Ethereum leads the broader commodity picture, holding $4.2 billion across both represented and distributed assets, which amounts to nearly 52% of the $8.08 billion total market. XRP's footprint shrinks considerably once distributed commodities are included in the calculation, despite its dominance in the represented segment.

Only two other mainstream networks host represented tokenized commodities on-chain: Arbitrum and Polygon. The XRP Ledger's commanding share of the represented market confirms the chain's growing role in tokenized real-world assets, even as Ethereum continues to anchor the wider commodity landscape.