XRP Ledger Posts 2.7 Million Daily Payments While XRP Price Falls 26% This Year

XRP Ledger activity has surged dramatically even as XRP’s market price has fallen, creating a stark divergence between on-chain usage and token value.

“A huge gap between network use and token value is the most important thing happening in XRP right now Daily payments on XRPL surged to 2”

CoinDesk

CoinDesk frames this as “A huge gap between network use and token value is the most important thing happening in XRP right now,” noting the simultaneous report that “Daily payments on XRPL surged to 2.7 million, AMM pools exploded to 27,000, and tokenized asset value jumped 35% in 30 days.”

CoinDesk

The article also states that “XRP is trading at $1.37 and is down 26% year-to-date,” underscoring the price decline amid rising ledger activity.

Detailed metrics show the XRPL processing volumes and infrastructure growth behind that activity spike.

CoinDesk cites XRPSCAN data that “Daily successful payments on XRPL recently hit a 12 month high of over 2.7 million, up from roughly 1 million in late 2025,” and reports the network “is processing between 2 and 2.8 million transactions per day at 20 to 26 transactions per second.”

CoinDesk

The piece also highlights that “Automated market maker pools have exploded to nearly 27,000 active pools supporting more than 16,000 unique tokens,” illustrating rapid on-ledger development.

CoinDesk attributes much of the ledger’s growth to stablecoins and tokenized assets that transiently use XRP as a bridge, a dynamic that boosts transaction counts without necessarily converting to sustained token demand.

“A huge gap between network use and token value is the most important thing happening in XRP right now Daily payments on XRPL surged to 2”

CoinDesk

The article states that “Much of the ledger’s growth is driven by Ripple’s RLUSD stablecoin and tokenized assets that use XRP briefly as a bridge currency,” and cautions this is “boosting transactions without creating lasting demand or scarcity for the token.”

It also notes significant stablecoin flow, reporting that “Stablecoin transfer volume over the same period hit $1.19 billion.”

The XRPL’s tokenization metrics strengthen the narrative of growing real-world-asset (RWA) activity even as decentralized finance penetration remains limited relative to market cap.

CoinDesk reports the ledger has “$461 million in tokenized real-world assets” and that “Tokenized real-world asset value on the ledger climbed to $461 million, up 35% in the past 30 days, per RWA.xyz.”

CoinDesk

At the same time the article observes that “XRP’s DeFi footprint and DEX volumes remain small relative to its $84 billion market value,” signaling an imbalance between on-chain tokenization growth and native DeFi depth.

Taken together, the data and analysis leave an open question about whether the surge in ledger activity will translate into higher XRP valuation or remain an on-chain usage story divorced from token scarcity.

“A huge gap between network use and token value is the most important thing happening in XRP right now Daily payments on XRPL surged to 2”

CoinDesk

CoinDesk reiterates the central market puzzle: “The standard crypto thesis is that network activity drives token value,” and that “that gap between what the ledger is doing and what the token is doing is the most important thing happening in XRP right now.”

CoinDesk

The article also contextualizes price distance, observing that XRP “is 62% below its late-2025 high of $3.65,” highlighting the scale of the current valuation shortfall.