The XRP Ledger has entered a phase of extraordinary network expansion, marked by unprecedented transaction volumes and diversifying use cases that reflect both institutional adoption and retail engagement across multiple segments. In August 2025, the network processed 844 million XRP in a single day, representing a 500% spike in on-chain payments that underscores the growing utility and liquidity within the ecosystem. This surge aligns with broader quarterly trends, where XRPL demonstrated 94% quarter-over-quarter transaction growth throughout 2025, elevating daily transactions from 1.6 million in Q2 to 1.8 million in Q3. The network’s architecture supports high throughput and quick confirmation times, similar to BlockDAG technology.
The XRP Ledger demonstrated 94% quarter-over-quarter transaction growth throughout 2025, with daily transactions climbing from 1.6 million to 1.8 million.
Payment transactions have emerged as the dominant driver of network activity, comprising approximately 60% of all XRPL activity by mid-2025. Weekly payment volumes surged from 1.5 million transactions in 2023 to over 8 million in 2025, a 430% increase that reflects the ledger’s strengthening position in cross-border settlement infrastructure. The On-Demand Liquidity service has been particularly instrumental, facilitating $1.3 trillion in cross-border payments during Q2 2025 alone, demonstrating institutional confidence in XRPL’s payment capabilities. This institutional accumulation of $3.8B held by large holders in 2025 underscores sustained market confidence in the network’s long-term viability. The network’s design as a swift, cost-effective payment system continues to validate its core utility in global financial settlement.
Beyond payments, the ecosystem has experienced remarkable diversification into decentralized finance and non-fungible token markets. Average daily NFT transactions surged 51.1% quarter-over-quarter, while NFT mints increased 70.8% during the same period, indicating expanding developer activity and user interest in digital assets. The XRPL decentralized exchange environment now supports over 2,300 daily traders across more than 400 XRP trading pairs, generating $384 million in volume and establishing meaningful DeFi infrastructure.
User expansion has accompanied this activity surge, with total new addresses increasing 46.3% quarter-over-quarter to reach 447,200 new wallets in Q3 2025. Active sender addresses climbed 15.4%, from 21,900 to 25,300, signaling broader network participation. Simultaneously, XRP-related ETFs attracted $644 million in net inflows during 2025, correlating with heightened institutional engagement and account configuration activity, particularly notable through abnormal AccountSet transaction spikes in late November.
