The XRP Ledger has crossed a historic threshold, surpassing 5 billion lifetime transactions after fourteen years of continuous operation, according to XRPScan. Validator operator Vet noted that settlements typically complete in three to four seconds at low cost, reinforcing the network's original design for efficient global payments.
Beyond raw transaction count, XRPL's tokenized real-world asset activity has grown sharply. Data from RWA.xyz places the represented value of tokenized RWAs on XRPL at approximately $4.05 billion, while market analyst Diana reported roughly $1.9 billion in 90-day RWA revenue excluding stablecoins. That figure put XRPL ahead of Ethereum's approximately $1.6 billion and Stellar's $1.4 billion over the same window, positioning the ledger as a competitive venue for institutional tokenization.
Automated AI agents have also become a meaningful transaction source, completing over 2.3 million payments using XRP and RLUSD. XRP Ledger accounts now exceed 8.09 million, and cumulative transaction fees have permanently burned roughly 14.38 million XRP, or nearly 0.014 percent of the fixed supply.
Institutional participation continues to expand. U.S. spot XRP exchange-traded funds collectively hold about $1.4 billion worth of XRP, representing around 1.62 percent of the asset's market capitalization, with cumulative net inflows near $1.62 billion. Gemini has introduced direct deposits and withdrawals for XRPL-based assets in Singapore, while Mastercard is sponsoring the upcoming XRP Ledger Hackathon focused on payments, AI, stablecoins, and credit products. The XRP Ledger Foundation will co-host the developer event before Ripple's Swell conference in October.
