Transaction volume on the XRP Ledger (XRPL) has surged by more than 80% in the past 30 days as tokenized real-world assets (RWAs) and stablecoins drive heavy on-chain activity.
Blockchain analytics show that RWA transfers jumped 84% and stablecoin transactions climbed 83% over one month.
In raw terms, the XRPL processed roughly $885 million worth of transfers during that period. These figures coincide with major corporate treasury moves and signal a deepening of institutional use.
Surge in XRP Ledger Volume
Data compiled by crypto analysts confirms the jump in XRPL traffic. In late October, X Finance Bull noted that both RWA and stablecoin volumes on the XRP Ledger had spiked by roughly 80% over the previous month.
This translated to the almost $885 million in asset transfers. On-chain metrics show the network now supports 22 tokenized real-world assets and 5 stablecoins.
The total market value of these assets has reached about $650 million, with RWAs alone accounting for roughly $365 million and stablecoins $283 million.
Key tokens include OpenEden’s U.S. Treasury-bill vault and other tokenized securities (together exceeding $200 million).
Investors note that XRPL’s technical design – including a built-in decentralized exchange and near-instant settlement – is well-suited for high-volume asset tokenization.
As Ripple’s Markus Infanger noted, the ledger’s low fees and fast finality make it ideal for tokenized instruments such as T-bills.
In practice, this is already playing out: on-chain RWA transfer count and value are climbing, reflecting growing demand from traditional finance for blockchain-based treasury products.
Institutional Treasury Moves Pump Liquidity
The volume surge follows recent announcements of significant XRP treasury commitments. In mid-October, Ripple agreed to acquire treasury-management software firm GTreasury for $1 billion, marking a push into corporate treasury services.
Around the same time, Evernorth, a Ripple-backed startup, announced it would list via a SPAC and raise over $1 billion to build an institutional XRP treasury.
The Evernorth deal includes $200 million from SBI Holdings and investments from Ripple and other crypto funds. Evernorth CEO Asheesh Birla – a former Ripple executive – said net proceeds will be used to purchase XRP on the open market and fund yield strategies.
Together, these moves are expected to channel large institutional capital into XRP and the XRPL. Analysts observe that such corporate treasury programs “anchor” Ripple’s use cases beyond payments.
For example, Bloomberg and Reuters report that Evernorth’s listing will create the world’s largest public XRP treasury vehicle.
By backing big-money projects on XRPL, traditional institutions are effectively boosting on-chain liquidity. This, in turn, has fueled the surge in token transfers and reinforced confidence in XRP as a settlement asset.
Tokenized Assets Drive XRPL Growth
Tokenized securities are largely driving the XRPL’s rally. On-chain data show that a diverse set of RWAs – from tokenized treasury bills to gold funds and project finance bonds – are now active on the ledger.
For instance, OpenEden’s tokenized U.S. T-bill (“TBILL”) vault alone holds a six-figure sum in on-chain value. Montis Group’s tokenized gold and municipal bond tranches are also among the largest RWAs on XRPL.
As these tokenized assets proliferate, the XRPL’s overall asset base has expanded sharply. In the last month, the total value of on-ledger RWAs rose nearly 45%, to about $365 million.
Stablecoins on the ledger grew in parallel, with their market cap climbing by a similar margin to $283 million. The number of stablecoin holders on XRPL reportedly jumped by over 700% in a month, illustrating rapid adoption of XRPL’s digital liquidity.
Industry observers say this boom in tokenization is exactly the use case Ripple envisioned – bridging blockchain and traditional finance via “native issuance” of assets.
XRP Price Reaction and Market Outlook
XRP, the native token, has tracked these developments. In recent days, XRP traded around $2.50, up modestly amid the volume surge.
XRP price chart: TradingViewTrading volume on major exchanges spiked roughly 12% above its weekly average as institutional flows ramped up. Traders note that XRP’s short-term range is between roughly $2.40 and $2.45, with a break above $2.45 potentially signaling further gains.
Market analysts attribute the heightened trading activity to renewed institutional positioning ahead of regulatory news (including pending U.S. ETF decisions) and Ripple’s own capital raises.
Despite a pullback in recent weeks, XRP is down about 14% over the past month, but the token remains well above year-ago levels.
Since 2025, XRP has gained roughly 350%, reflecting strong investor interest. That outsized move has drawn attention from retail traders and institutions alike.
Observers say if XRP can sustain this volume-led accumulation, its price outlook could improve further. As one crypto analysis put it, a decisive move through key resistance would confirm that institutional momentum is translating into market demand.
Source: https://zycrypto.com/xrp-ledger-activity-explodes-as-real-world-assets-and-stablecoins-unlock-billions-in-value/
