XRP News Today: XRP Overtakes Ethereum in Coinbase Transaction Revenue Share

Coinbase recently revealed that XRP has generated more transaction revenue on its platform than Ethereum, signaling a notable shift in the cryptocurrency landscape [1]. According to the exchange’s Q2 2025 report, XRP accounted for 13% of Coinbase’s total $764 million in transaction revenue, outperforming Ethereum, which contributed just 12% [1]. Over the past six months, XRP’s revenue share has continued to grow, reaching 16%, while Ethereum’s share has fallen to 11% [1].

The resurgence of XRP has been closely linked to the resolution of its legal battle with the U.S. Securities and Exchange Commission (SEC) in July 2023 [1]. The favorable outcome removed a major cloud of uncertainty around the token, boosting investor confidence and triggering a surge in trading volumes. Analysts suggest that the regulatory clarity has encouraged more institutional and retail participation, contributing to XRP’s stronger performance on Coinbase [1].

Meanwhile, Bitcoin remains the dominant cryptocurrency on the platform, with a 34% share of Coinbase’s total transaction revenue [1]. The exchange also holds $1.3 billion in Bitcoin and $300 million in Ethereum, aligning with other institutional investors such as Metaplanet and Riot Platforms [1]. Despite Ethereum’s price increase, its role in Coinbase’s revenue structure has diminished, raising questions about its broader market appeal in favor of altcoins like XRP.

Stablecoin revenue has also shown a 44% year-over-year increase, driven by sustained demand for interest-bearing products like USD Coin (USDC) [1]. This trend reflects a shift in user behavior as traders seek yield amid a challenging macroeconomic environment, including a 100 basis points cut by the Federal Reserve. However, the total transaction revenue of $764 million fell short of some analysts’ expectations [1].

Technical analysts point to bullish patterns in XRP’s price chart, with recent movements suggesting a potential breakout above $3.66 and a target of $5.96, assuming the upward trend continues [2]. Such forecasts, while promising, remain speculative and should be evaluated alongside broader market developments.

The rise of XRP in Coinbase’s revenue mix highlights an ongoing diversification in the crypto market. While Ethereum maintains a strong position in areas like decentralized finance and smart contracts, altcoins are increasingly capturing retail and institutional attention due to their utility and cost efficiency [1]. XRP’s role in cross-border payments and its high transaction throughput further position it as a viable alternative to traditional payment solutions.

Other altcoins are also making headlines. ENA, the token of the Ethena protocol, has surged by nearly 160% in the past 30 days, fueled by expanded exchange listings and the adoption of its synthetic stablecoin, USDe [3]. However, the market remains volatile, and sudden regulatory or macroeconomic developments could quickly reverse momentum, as seen with the potential downward pressure from the upcoming ENA token unlock [3].

In summary, XRP’s recent outperformance of Ethereum on Coinbase reflects a combination of regulatory progress and favorable market conditions. Nevertheless, investors should remain cautious, given the unpredictable nature of the crypto market and the potential for rapid reversals in sentiment or price.

Sources:

[1] Cryptocurrency Shakeup: XRP Outpaces Ethereum in Coinbase Revenue (https://coinmarketcap.com/community/articles/688c6df77af0b5296f03f85e/)

[2] Crypto Short News – Latest Real-Time Updates (https://coinpedia.org/crypto-live-news/)

[3] ENA Surges 160% on Exchange Listings and USDe Growth (https://www.ainvest.com/news/ena-surges-160-exchange-listings-usde-growth-2507/)