The XRP Ledger has achieved a historic milestone, with monthly transactions climbing 65% over the past twelve months—from 43 million to 71.5 million—according to data shared by Evernorth. This surge underscores a decisive shift from speculative trading to genuine utility, as institutional flows, stablecoin transfers, and tokenized real-world assets drive on-chain activity.
Key drivers include crypto exchange Bitstamp, which remains one of the network’s largest volume contributors, and Ripple’s RLUSD stablecoin, now commanding 84% of the stablecoin market on the XRP Ledger. In the past 30 days alone, stablecoin transfers on the network reached $1.77 billion. Brazil’s Braza Bank is leveraging the ledger for cross-border payments, while DeFi protocol Justoken hosts $2.63 billion in tokenized assets, with XRP accounting for 67% of that value. Capital markets infrastructure firm VERT further illustrates the network’s expanding role in financial market operations.
Analysts emphasize that the growth is tied to operational infrastructure, not short-term trading cycles. Ripple executives have positioned XRP as a bridge asset for RLUSD liquidity, drawing comparisons to traditional settlement rails like SWIFT. The ledger now processes transactions in 3–5 seconds at a fraction of a cent—dramatically faster and cheaper than both Bitcoin and international wire transfers.
Tokenized real-world assets on the XRP Ledger total $2.3 billion, including US Treasuries that surged 8x year-over-year to $418 million. Spot XRP ETFs attracted $1.5 billion in cumulative inflows by early March 2026, with zero net outflows in their first month. Meanwhile, daily transactions have tripled from 1 million in mid-2025 to nearly 3 million, and UK-regulated exchange Archax has pledged $1 billion in new assets by mid-2026. McKinsey & Company projects the tokenized asset market could reach $2 trillion by 2030, signaling further network demand.
Despite these milestones, XRP’s price has remained near $1.50, which analysts attribute to most activity being conducted via stablecoins. They note that significant price appreciation will require institutions to use XRP as the base currency for trading tokenized bonds and funds, rather than merely settling in stablecoins.
