XRP Ledger Value Skyrockets 43-Fold Amid Institutional Growth

The total value stored on the XRP Ledger has increased by 43 times in just six quarters, from $99 million to $4.26 billion.

This growth is attributed to tokenized assets and Ripple's dollar-backed stablecoin RLUSD, which have seen significant increases in average balances.

The number of accounts placing trades on the decentralized exchange has decreased by 40%, but the average volume per account has nearly tripled, reaching 3,217 XRP per day in Q2 2026.

While this suggests institutional or professional trading activity, Evernorth cautions against drawing firm conclusions due to limitations in their data analysis methods.