Altcoins News

Story: XRP Ledger Hits 2.48M Daily Transactions as Real-World Asset Tokenization Jumps 124%

By James Thorp

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RLUSD Grows 45%, Real-World Assets Hit All-Time High. The stablecoin side of the ledger looked different. RLUSD — Ripple's stablecoin — expanded its…

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Permissioned DEX and Token Escrow Go Live. Infrastructure was busy. Permissioned domains went live on the XRPL during the quarter, alongside…

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XRP's price fell hard in Q1 2026. Down 27% to $1.34 by quarter's end — and yet the network underneath it kept growing, fast.

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Average daily transactions on the XRP Ledger hit 2.48 million, up 35% from 1.83 million the quarter before.

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Not exactly a clean story for XRP holders.

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The stablecoin side of the ledger looked different. RLUSD — Ripple's stablecoin — expanded its market cap by 45% during the quarter, reaching $340.3 million. That's real growth.

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Real-world asset tokenization moved even faster. The market cap for tokenized real-world assets on the XRP Ledger reached $2.

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ETFs held approximately 775.4 million XRP by the end of Q1, accounting for roughly 1.26% of the asset's circulating supply.

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Infrastructure was busy. Permissioned domains went live on the XRPL during the quarter, alongside a permissioned decentralized exchange and token escrow functionality.

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Read also: Flare Co-Founder Says XRP Holders Can Access DeFi and Smart Contracts

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And there's more coming, apparently. Native lending protocols and asset vaults were still in the voting phase at quarter's end.

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Whether that pitch lands depends a lot on what happens outside the ledger. Regulatory clarity for tokenized assets and permissioned DeFi is still murky in most jurisdictions.

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Still, the Q1 numbers don't look like a network in trouble. Transaction volume up 35%, stablecoin market cap up 45%, real-world asset tokenization up 124% — those are the metrics…

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The ETF figure is interesting on its own. 775.4 million XRP held by ETFs, about 1.26% of circulating supply.

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More context: Hyperliquid Hits $67.5 All-Time High and Briefly Knocks Dogecoin Out of the Top 10

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