The XRP Ledger (XRPL) has officially established a digital presence within the xSPECTAR metaverse universe. Announced by XRPL Commons on February 16, 2026, the initiative creates a dedicated virtual space designed for the XRPL ecosystem to learn, interact, and grow. The space does not introduce new protocols or financial instruments but serves as a structured environment for developers, users, and partners to access information and explore projects.
The move aligns with a broader trend of blockchain networks seeking functional metaverse applications, shifting away from the hype that characterized earlier platforms like Meta's Horizon Workrooms. Current focus areas include NFT showcases, virtual events, and interactive learning. Supporting data reveals that over 72% of metaverse platforms now support NFT-based assets, with NFT sales in these environments surpassing $42 billion in 2025. Avatar customization accounted for 31% of transactions, and decentralized identity (DID) solutions are used by approximately 22 million users.
Concurrently, XRPL has achieved a significant milestone in the real-world asset (RWA) tokenization sector, overtaking Solana. On-chain data shows XRPL hosts approximately $1.756 billion in total on-chain real-world assets (excluding stablecoins), compared to roughly $1.682 billion on Solana. This represents a more than 270% monthly growth for XRPL, versus around 40% growth for Solana over the same period.
Network performance metrics for Q4 2025 show average daily transactions on XRPL rose 3.1% quarter-over-quarter to about 1.83 million, though daily active addresses slipped to around 49,000. The XRPL DEX reports a Total Value Locked (TVL) of about $38.21 million and a cumulative volume of around $2.019 billion. Stablecoins circulating on XRPL total roughly $418 million, with Ripple's RLUSD stablecoin dominating at about 83% of that figure. The network maintains its characteristic low cost, with transaction fees starting at 0.00001 XRP.
