XRP network processed 769,646 transactions in 24 hours, RLUSD stablecoin use grows as supply debate continues

Key data on network activity

On June 16, 2026, the XRP Ledger processed 769,646 transactions within a 24-hour span. During peak periods, successful payment transactions can exceed 2.7 million in a single day. These figures show that XRP network activity extends well beyond trading alone, with payment and transfer operations occupying a significant share of the network’s capacity.

The XRP Ledger is not limited to value transfer. It also supports native automated market maker functionality and oracle integrations, effectively incorporating core decentralized finance infrastructure directly into the network.

Mini glossary: Oracles bring off-chain data to on-chain applications, while automated market makers (AMMs) enable trading via liquidity pools rather than traditional order books.

Supply structure under scrutiny

According to CoinGecko, approximately 62 billion XRP are currently in circulation, out of a near-100 billion total supply. Meanwhile, some 33–34 billion XRP remain locked in escrow accounts.

Ripple operates a schedule allowing up to 1 billion XRP to be released each month from escrow. Unused tokens are returned to these accounts. While this mechanism provides a level of transparency, the substantial reserves held in escrow continue to temper narratives about XRP’s scarcity.

The core question for long-term outlooks centers on how much Ripple’s commercial growth actually translates into direct demand for XRP.

RLUSD’s rise and shifts in demand

Ripple now lets customers complete payment transactions either using XRP or its own stablecoin, RLUSD. This creates uncertainty over whether an expanding client base will lead directly to equal growth in XRP demand.

As of August 2025, RLUSD’s market capitalization surpassed $611 million, and it continued to grow in subsequent periods. This trend illustrates RLUSD’s emerging visibility as an alternative settlement asset within the Ripple ecosystem.

Ripple remains recognized as a financial technology firm specializing in blockchain-based payment solutions, with XRP as the open-market native asset underpinning these platforms.

Regulatory clarity and the evolving network

In 2025, Ripple’s legal dispute with the US Securities and Exchange Commission ended in a $125 million settlement. The court ruled that programmatic XRP sales on public crypto exchanges did not constitute securities offerings. However, certain institutional sales by Ripple were deemed to have breached securities regulations.

This decision has given XRP a clearer regulatory status in the US than many other altcoins. In terms of governance, the network also exhibits a more decentralized structure: Ripple operates just one of the 35 validators on its default trusted list, while the XRPL Foundation now plays a more prominent role in network administration.

With a current market capitalization of around $65.9 billion, XRP ranks among the largest crypto assets. This scale suggests that many of the network’s current strengths may already be factored into its price.