XRP News Today: Ripple Upgrades XRP Ledger Amid 70 Million Transactions and Growing Stablecoin Use

Ripple’s Chief Technology Officer, David Schwartz, has announced an infrastructure upgrade to the XRP Ledger (XRPL) in response to a substantial increase in network activity. As of July 2025, the ledger processed over 70 million transactions, driven by a rapidly expanding user base and growing cross-chain interoperability. The number of active XRPL accounts now exceeds 7 million, with account creation averaging around 3,000 per day [1]. Transaction volume remains among the highest in the blockchain space, with an average of 1.8 million transactions daily [1].

Central to the upgrade is the deployment of a high-performance server hub in New York, equipped with state-of-the-art hardware including an AMD 9950X CPU, 256 GB RAM, and dual 2 TB NVMe SSDs in RAID 0 configuration. The hub aims to support enterprise-grade validator nodes and applications, enhancing the network’s resilience and performance [1]. The initiative, managed independently by Schwartz, signals a broader effort to strengthen the decentralized infrastructure around XRPL [1].

The XRPL has also seen a rise in decentralized exchange (DEX) activity, with DEX volume reaching 465 million XRP and AMM volume hitting 408 million XRP in the past month. Daily DEX traders averaged 2,363, and XRP trading pairs expanded to nearly 500 [1]. Meanwhile, cross-chain activity between the XRP Ledger and EVM sidechains grew by over $165 million in a single month, highlighting the expanding role of XRPL in the broader blockchain ecosystem [1].

Despite this on-chain growth, much of Ripple’s institutional adoption remains off-chain due to regulatory and compliance challenges. Schwartz noted that institutions often prefer custodial solutions over direct use of decentralized ledgers for risk management reasons. He also mentioned that Ripple itself avoids using the XRPL DEX for payments to mitigate exposure to illicit liquidity, including potential risks related to terrorism financing [1].

Looking ahead, the introduction of permissioned domains is expected to bridge this gap, potentially enabling institutions to move more activities on-chain in a secure and compliant manner. These developments align with Ripple’s strategy to position XRPL as a global infrastructure layer for fiat-backed cryptocurrencies [1].

The recent surge in XRPL activity is largely attributed to the adoption of BRL-pegged stablecoins such as BBRL and BRZ in markets like Brazil, where minting and transaction volumes have grown significantly. In July alone, over $4.2 million worth of BBRL was minted, making it the second-largest BRL stablecoin on the ledger [1]. The XRP Ledger’s appeal lies in its low-cost, high-efficiency settlement capabilities, attracting interest from fintech and banking sectors [1].

Schwartz emphasized that the growing utility of the XRP Ledger in stablecoin settlements and institutional payments could indirectly support XRP’s long-term value. Analysts note that while the token remains subject to market volatility, rising transaction volumes and institutional interest may lay a stronger foundation for future price appreciation [1].

As stablecoin adoption continues to expand in regions with high inflation and currency instability, the XRP Ledger’s role in facilitating stable, cost-effective cross-border transactions is likely to grow. With ongoing pilot projects for euro- and peso-backed stablecoins, the network is well-positioned to extend its reach across diverse financial ecosystems [1].

[1] Source: https://www.livebitcoinnews.com/surge-in-xrpl-activity-prompts-ripple-cto-to-upgrade-network/