XRP News Today: XRP Overtakes Ethereum in Coinbase Q2 Transaction Revenue for First Time

Coinbase's second-quarter 2025 financial report highlights a significant development in the cryptocurrency market: Ripple’s XRP has generated 13% of the exchange’s total transaction revenue, surpassing Ethereum’s 12% for the first time [1][2]. The total transaction revenue for the quarter stood at $764 million, which fell short of expert estimates [1]. Meanwhile, Bitcoin maintained its leading position, accounting for 34% of the total revenue and holding $1.3 billion in Coinbase’s cryptocurrency assets [1][2]. Over the last six months, XRP’s revenue share has grown from 11% to 16%, signaling a consistent upward trend.

The rise of XRP can be attributed to increased investor confidence following Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC) in July 2023 [1]. This legal clarity helped eliminate prior uncertainties, making XRP more attractive to traders and investors. As a result, XRP’s transaction volume and user engagement have increased, contributing to its improved performance on Coinbase [1][2].

While XRP’s outperformance is notable, it comes amid a broader decline in retail trading activity on Coinbase, which reported a 39% drop in Q2 retail volumes compared to the previous quarter [3]. Despite this downturn, XRP’s strong transaction-based revenue reflects its growing adoption, especially in cross-border and institutional applications [4]. Ripple’s CTO has previously indicated that on-chain adoption has been slower than anticipated, but the firm remains confident in XRP’s speed and liquidity as key advantages [4].

The broader market environment also played a role in shaping these developments. Stablecoins experienced a 44% increase in revenue compared to the previous year, despite a 100 basis point reduction in U.S. Federal Reserve interest rates [1]. The continued popularity of interest-bearing stablecoins, such as USD Coin (USDC), has helped sustain investor interest and provided a buffer against market volatility [1].

Analysts suggest that XRP’s performance indicates a shift in market sentiment and investor behavior. While Ethereum has long been a top-performing altcoin, its drop behind XRP in Coinbase’s revenue rankings highlights the volatility and unpredictability of the cryptocurrency market [2]. The performance of XRP may reflect growing demand for faster and more liquid assets, particularly in institutional and cross-border transactions [4]. However, the broader industry remains subject to macroeconomic and regulatory influences, including Federal Reserve decisions and regulatory clarity [6].

The data also reveals Bitcoin’s continued dominance in both asset value and revenue generation. Institutional support from major holders like Metaplanet and Riot Platforms underscores Bitcoin’s entrenched position in the market [1]. At the same time, the 10th anniversary of Ethereum was marked by co-founder Vitalik Buterin emphasizing the platform’s resilience, with no downtime recorded in its history [5]. This highlights the evolving roles of major cryptocurrencies in the ecosystem.

XRP’s surpassing of Ethereum in Coinbase’s transaction revenue represents a significant shift in the dynamics of the crypto market. It reflects both the legal and regulatory developments affecting XRP and the changing preferences of investors and traders. While the broader market remains subject to volatility and external influences, XRP’s performance demonstrates the potential for alternative cryptocurrencies to gain traction in specific use cases and trading environments [1][2]. This trend may continue to shape future revenue projections and strategic directions within the cryptocurrency industry [2].

Source:

[1] The, [https://thecryptobasic.com/2025/08/01/xrp-brings-in-more-revenue-than-ethereum-for-coinbase-q2-2025-earnings-report-shows/](https://thecryptobasic.com/2025/08/01/xrp-brings-in-more-revenue-than-ethereum-for-coinbase-q2-2025-earnings-report-shows/)

[2] AInvest, [https://www.ainvest.com/news/xrp-news-today-xrp-overtakes-ethereum-coinbase-transaction-revenue-time-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-overtakes-ethereum-coinbase-transaction-revenue-time-2508/)

[3] AInvest, [https://www.ainvest.com/news/xrp-news-today-coinbase-q2-retail-volumes-drop-39-xrp-surpasses-ethereum-consumer-revenue-share-2508/](https://www.ainvest.com/news/xrp-news-today-coinbase-q2-retail-volumes-drop-39-xrp-surpasses-ethereum-consumer-revenue-share-2508/)

[4] bloomingbit, [https://bloomingbit.io/en/feed/news/94013](https://bloomingbit.io/en/feed/news/94013)

[5] The, [https://thecryptobasic.com/2025/08/01/buterin-says-ethereum-must-never-go-down-as-eth-turns-10-with-zero-downtime/](https://thecryptobasic.com/2025/08/01/buterin-says-ethereum-must-never-go-down-as-eth-turns-10-with-zero-downtime/)

[6] Stocktwits, [https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-rebound-after-fed-rate-hold-xrp-doge-ada-lead-altcoin-gains/choLJJvR56o](https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-rebound-after-fed-rate-hold-xrp-doge-ada-lead-altcoin-gains/choLJJvR56o)