XRPL HITS $2B: A Mel Brooks-Style Ledger Laugh-fest

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On Monday, crypto analyst Paul Barron swaggered onto social media like a guy at a party who just found a new way to say “bazinga!” He proclaimed XRPL had “smashed” $1 billion in on-chain tokenized assets. The audience? A couple of stunned wallets and a marching band of astonishment.

But Luke Judges, Ripple‘s maestro of numbers, popped in to remind the crowd that the record was already outdated-like last season’s fashions on a moonwalk. “We’re past 2 FYI,” he quips, revealing that the network had actually crossed the $2 billion milestone earlier. The discrepancy? Data lag, he says, because analytics provider @RWA_xyz is still trying to index the new assets with their partners. Think of it as the accountants chasing the marching band to get the confetti off the floor.

December surge

According to Judges, that $1 billion figure is prehistoric history. “We’re past 2 FYI,” he quips, revealing that the network had actually crossed the $2 billion milestone earlier. The discrepancy? Data lag, he says, because analytics provider @RWA_xyz is still trying to index the new assets with their partners. Think of it as the accountants chasing the marching band to get the confetti off the floor.

Most strikingly, he notes the velocity of adoption. “In December alone, we doubled the market cap of RWA from 1BN to 2BN on the XRPL,” he writes. Dodgers-like speed: blink and you’re in a whole new dimension of numbers.

Capital market coming On-chain

Despite the enormous December inflow, the mission isn’t done, not by a long shot. “Capital markets will come on-chain,” he states, with the confidence of a director announcing a sequel. “Jobs not done till there’s a fully fledged, deep & mature ecosystem around these assets.” Translation: we’re building a crypto-friendly empire, one token at a time, with more sequels than a Mel Brooks laserdisc collection.

Ripple has been aggressively performing a fiscal vaudeville: turning the XRPL from a mere payment network into institutional financial infrastructure. They plunked down $10 million into OpenEden’s TBILL tokens, bringing short-term US Treasury bills onto the XRPL-a yield product that is riesgo-free, and lives entirely on-chain. It’s like putting a risk-free fish on a bike and calling it a miracle of mobility.

The partnership with Archax, the UK’s first FCA-regulated digital securities exchange, is also pivotal. Archax has pledged to bring hundreds of millions in tokenized assets to XRPL, including tokenized access to funds from traditional giants like abrdn. It’s a family reunion of old-school finance and on-chain swagger-like a cross between a boardroom and a nightclub in tune with a kazoo band.

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2026-01-26 22:36