Crypto
Rising Stablecoin Growth Tests XRP's Value-Capture Case
The XRP Ledger has seen significant growth in its stablecoins and decentralized exchange volume, testing the network's value-capture case.
Stablecoins on the XRP Ledger reached $1.126 billion by September 11, a 22.2% increase from August 12. This represents a larger dollar market that may serve as bridge inventory for XRP, but its opportunity to become lasting token demand depends on routing behavior and holding time.
The DefiLlama series recorded $253.1 million of XRPL DEX volume for the latest complete 30 days, more than double the preceding period's volume of $100.4 million. However, recent exchange activity cooled, with seven-day volume falling to $30.6 million from $41.1 million in the prior seven days.