XRP Ledger Value Explodes 43 Times to $4.26B on Tokenized Assets Growth

The XRP Ledger (XRPL) has experienced explosive growth in just six quarters, with the value of stablecoins and tokenized assets increasing by a staggering 43 times. According to Evernorth, the average value of these assets rose from $99 million in Q1 2025 to $4.26 billion in Q2 2026, marking a significant milestone for XRPL.

The growth can be attributed to the rise of tokenized assets on XRPL, which averaged $3.72 billion in Q2 2026, up more than 3,000% from the previous year. Ripple's dollar-backed stablecoin, RLUSD, also saw significant growth, with its average balance reaching $539 million in Q2 2026, a 642% increase from the previous year.

Interestingly, despite the rapid growth, XRPL has fewer active users, but those who remain are moving more value. The average number of accounts making transactions each day fell to 16,587 in Q2, down from a previous high of 33,145. However, the amount of XRP traded by each account is much higher than it was in 2025, with an increase of 81% in Q4 2025 and another 85% in Q1 2026.

The trend is also visible on XRPL's decentralized exchange (DEX), where order-book trading averaged 3.57 million XRP per day in Q2, up 79% from a year earlier. However, the number of accounts executing trades dipped from 1,864 to 1,111 each day.

Evernorth noted that higher trading volumes with fewer active accounts could mean professional traders are becoming a bigger part of the market. This trend comes as XRP Ledger adds more tools aimed at institutions, including permissioned trading platforms.