XRP Utilities recorded a sharp increase in the first quarter of 2026, as average daily transactions on the XRP Ledger (XRPL) jumped 35% QoQ to 2.48 million.
The increase in XRP Ledger transactions comes as the XRPL ecosystem expands its footprint in tokenized real-world assets (RWAs), stablecoinsand decentralized financial infrastructure.
Latest quarterly data published Messari’s May 29 report shows that XRP’s role within the network is growing as more institutions use the ledger for settlement, liquidity, and asset management.
According to the report, average daily transactions on the XRP Ledger increased from 1.83 million to 2.48 million during the quarter, representing a 35.3% increase.
The 35% increase in XRP Ledger transactions is one of the strongest indicators of rising XRP interest, as every transaction across the network requires XRP for fees and reserve requirements.
Massari noted that increasing institutional adoption of token assets, stablecoins, and decentralized liquidity solutions is leading to increased activity via XRPL.
Supporting this trend, XRPL’s real asset market cap rose 124% QoQ to $2.25 billion, making it the fourth largest blockchain network for token assets and boosting XRP Ledger adoption among institutional users.
The growth in token assets highlights growing institutional demand for the XRP Ledger, with increased issuance and transfer activity contributing to increased network usage.
Meanwhile, Ripple’s stablecoin RLUSD expanded 45% quarter-on-quarter to reach $340.3 million in market capitalization, maintaining its position as the largest XRPL stablecoin.
The growth reflects increasing reliance on stablecoins for payments, settlement, liquidity management, and decentralized finance applications.
XRP instant flows ETFs
Institutional interest also continued to grow, along with American interest XRP ETF Holdings rose 2% to 775.4 million XRP, or about 1.3% of the circulating supply.
Ongoing upgrades focusing on compliance, privacy, security, AI integration, and quantum readiness are expected to further support XRP Ledger adoption.
With daily transactions up 35% and strong growth across RWAs and stablecoins, Q1 2026 saw another quarter of expansion in XRP and network activity.
XRP price analysis
As of press time, XRP is trading at $1.34, up 1.65% in the past 24 hours and 2.3% on the weekly time frame.
Interestingly, the growing network activity has not yet translated into stronger XRP price performance, however Cryptocurrency Trading is largely in line with broader market consolidation.
