XRP News Today: XRPL Payment Transactions Surge 430% in Two Years

Data from Dune Analytics reveals that payments constitute nearly 60% of the transactions on the XRP Ledger (XRPL). This dominance is evident in the network's activity, with weekly payment transactions surging from approximately 1.5 million in 2023 to over 8 million in 2025, marking a 430% increase. This trend is further supported by XRPScan data, which shows that on July 1, payment transactions accounted for nearly 967,000 out of the total 1.53 million transactions on the network.

The prevalence of payment transactions on XRPL is consistent with its primary use case. Ripple, the company behind XRPL, designed the network for swift and cost-effective global payments. XRP serves as the "bridge currency," facilitating rapid and affordable money transfers. The growing adoption of Ripple Payments by institutional users, particularly in regions like the Middle East, has significantly contributed to the surge in payment transactions on the network.

In addition to payment transactions, the XRPL network is also seeing activity in decentralized finance (DeFi). Dune Analytics data indicates that decentralized exchange (DEX) trades, known as Offers on XRPL, and non-fungible token (NFT) mints are occurring on the network. XRPL DEXs are seeing an average of 2,300 traders daily, with more than 400 XRP pairs available and over 384 million XRP in transaction volume. While this activity is relatively small compared to other smart contract networks, it highlights the gradual growth of the network’s DeFi sector. The network’s Automated Markets Makers (AMMs) have also provided direct liquidity to the DEX with more than 20,000 AMM pools live on the network.

Despite having existed for over 13 years, XRPL continues to attract new users. On June 30, the network added over 2,800 new users, bringing the total number of accounts to more than 5.6 million. The network's average daily transactions have increased to over 2 million, compared to just 50,000 in 2013, indicating sustained maturity. The network’s DeFi activity is expected to increase further with the upcoming launch of an EVM-compatible side chain that will allow decentralized applications on Ethereum to deploy on the network. However, many expect payment processing to remain the dominant activity on the platform.