XRP (XRP), the native cryptocurrency of the XRP Journal (XRPL), has actually been promoted by supporters as a high-speed, inexpensive option for cross-border payments. However simply just how much worth streams through the network every day? Let’s analyze.
XRP volumes have actually increased given that Trump’s reelection
Based upon current information from Glassnode, XRP’s day-to-day transfer volume picked its blockchain in United States dollars often varies in between $300 million and $1 billion.
Nevertheless, given that November 2024, when Donald Trump won the United States governmental election, XRP has actually settled approximately $2.28 billion each day, symbolizing increased network activity most likely sustained by XRP’s cost boom in the exact same duration.
XRP overall transfer volume. Source: Glassnode
That stated, these spikes do not always show consistent adoption or payment activity; rather, they might even more be connected to speculative habits, Ripple-related transfers, whale relocations, and reshuffling in between exchanges.
Ripple lags numerous huge XRP transfers
One essential element behind the spikes in XRP’s day-to-day transfer volume is big token sales by Ripple and its co-founder, Chris Larsen.
Chris Larsen’s XRP sales (2024– 2025):
50,000,000 #XRP (29,120,312 USD) moved from Chris Larsen to unidentified wallethttps:// t.co/ D9iopMqePM
— Whale Alert (@whale_alert) September 16, 2024
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These sales minimized XRP reserves on among his wallets from 500 million to 410 million XRP.
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Formerly, the SEC approximated Larsen offered ~$ 453.69 million worth of XRP in between 2017 and 2020.
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The 2024– 2025 sales stand apart for their scale and timing throughout XRP’s rally past $3.
Ripple’s XRP escrow sales (2017– 2025):
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Ripple began offering XRP from escrow in 2017, launching as much as 1 billion XRP/month, frequently returning unsold tokens.
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It offered $91.6 million throughout the cryptocurrency’s 30,000% rally in Q4 2017
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In Q3 2018, Ripple offered $163 million throughout unpredictable markets.
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In Q2 2019, the company offered $251 million in XRP, among its biggest sales.
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Sales dropped to $1.75 M in Q1 2020, likely due to regulative pressure from the SEC.
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Throughout 2021, around $1.5 B were offered, per Ripple’s reports.
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This recommends that Ripple tends to increase sales throughout bullish durations and downsize throughout XRP cost drops.
Related: Ripple ‘ought to act in its own interest’ when offering XRP– Ripple CTO
In 2017, Ripple locked 55 billion XRP– most of the overall supply– into a series of escrow agreements. Each agreement held 1 billion XRP, set to be launched monthly over 55 months.
Nevertheless, any unused part is gone back to escrow, with a brand-new agreement pressed to the back of the line, i.e., re-locked for 55 months.
Throughout active sale durations, these motions might lead to visible spikes in overall transfer volume, specifically when coupled with high speculative interest.
370,000,000#XRP (778,259,699 USD )secured escrow at #Ripple https://t.co/Rk079yzgNf
— Whale Alert( @whale_alert )April 2, 2025
Bitcoin and Ethereum exceed XRP general
Bitcoin and Ethereum continue to control XRP in regards to day-to-day transfer volume, highlighting wider adoption and higher rely on these environments.
The general typical day-to-day transfer volume for Bitcoin throughout the complete information set is around $23.26 billion, according to Glassnode.
Bitcoin overall transfer volume. Source: Glassnode
In the last few years, the network has actually settled approximately $64.03 billion each day over the previous thirty days, likely due to strong institutional circulations, ETF-driven activity, and speculative trading.
On the other hand, Ethereum’s general day-to-day transfer volume is around $2.53 billion. However its current 30-day average of the exact same happens at around $5.67 billion.
Ethereum overall transfer volume. Source: Glassnode
Overall transfer volume shows real-life use
Transfer volume is an essential onchain metric, demonstrating how much genuine worth is settled daily by means of blockchain. High volumes, specifically when sustained, suggest higher user activity in moving cash onchain.
Bitcoin and Ethereum see constant activity from custodians, ETFs, and DeFi apps.
In XRP’s case, nevertheless, use appears focused around trading cycles. In spite of Ripple’s efforts to promote XRP in cross-border settlements by means of On-Demand Liquidity (ODL), onchain volumes recommend minimal adoption amongst business users.
Nevertheless, XRPL has actually just recently presented tools for stablecoin issuance, tokenization, and EVM compatibility.
Related: Redemption arcs of 2024: Ripple’s triumph, memecoins’ increase, RWA development
In Q4 2024, for example, the journal’s Automated Market Maker (AMM) volume increased by 3,100%, showing rapid development in use.
XRP Journal Secret Metrics since Dec. 31, 2024. Source: Messari
Nevertheless, these developments have yet to produce volume levels similar to Ethereum and Bitcoin.
This post does not consist of financial investment suggestions or suggestions. Every financial investment and trading relocation includes danger, and readers ought to perform their own research study when deciding.