XRP Ledger Daily Transactions Triple to 3 Million, Evernorth Reports
Evernorth reports XRP Ledger daily transaction volume has grown to nearly 3 million, up from roughly 1 million in mid-2025, with banks and financial institutions driving the increase. The treasury company cites Bitstamp, Ripple's RLUSD stablecoin, and Braza Bank as among the busiest network participants.
Key Takeaways
- 1## Transaction Growth on the Network The XRP Ledger processed nearly 3 million transactions daily according to Evernorth, a roughly threefold increase from mid-2025 levels.
- 2The firm attributes the rise to activity from institutional players including Bitstamp, Ripple's RLUSD stablecoin infrastructure, and Braza Bank, suggesting that financial institutions are conducting settlement and operational activity on the network rather than purely speculative trading.
- 3## Adoption Ahead of Price Performance Evernorth chief executive Asheesh Birla has argued that XRP's long-term value derives from its use as working capital for banks and businesses, not from trading demand alone.
- 4He contends the gap between network adoption and token price remains wide, with macro headwinds, geopolitical tension, and higher interest rates partly explaining why XRP has underperformed relative to its usage growth.
- 5Birla framed the dynamic plainly: a network can sustain heavy transaction volume while the asset price faces independent pressure from broader market conditions.
Transaction Growth on the Network
The XRP Ledger processed nearly 3 million transactions daily according to Evernorth, a roughly threefold increase from mid-2025 levels. The firm attributes the rise to activity from institutional players including Bitstamp, Ripple's RLUSD stablecoin infrastructure, and Braza Bank, suggesting that financial institutions are conducting settlement and operational activity on the network rather than purely speculative trading.
Adoption Ahead of Price Performance
Evernorth chief executive Asheesh Birla has argued that XRP's long-term value derives from its use as working capital for banks and businesses, not from trading demand alone. He contends the gap between network adoption and token price remains wide, with macro headwinds, geopolitical tension, and higher interest rates partly explaining why XRP has underperformed relative to its usage growth. Birla framed the dynamic plainly: a network can sustain heavy transaction volume while the asset price faces independent pressure from broader market conditions.
What Banks Are Shipping
One major European bank has deployed its euro stablecoin on the XRP Ledger, according to Evernorth, signaling that financial institutions are moving beyond pilots into production use. The firm characterized the next 18 months as defining whether blockchain-based settlement becomes mainstream in banking and under what regulatory regimes.
Why It Matters
For Traders
XRP's on-chain activity surge shows institutional demand independent of price; watch whether this usage growth translates to spot buying or remains settlement-only.
For Investors
Real financial institutions adopting XRP for stablecoin and settlement use reduces speculation risk and suggests underlying value case, though price decoupling may persist.
For Builders
Banks deploying stablecoins on XRP Ledger validate the ledger as settlement infrastructure; tokenization builders should monitor cross-chain stablecoin deployments as a trend signal.
