XRP Ledger (XRPL) is becoming a global digital payment solution with fast speeds and low costs, gradually replacing traditional methods like SWIFT.
XRPL records bustling activity with hundreds of thousands of transactions daily and a boom in smart contract development along with Stablecoin RLUSD, reinforcing its position in DeFi and global remittances.
MAIN CONTENT
XRPL activity peaked with over 830,000 daily transactions and a diverse range of active wallets.
The launch of the EVM-compatible sidechain boosts DeFi applications and smart contracts development.
RLUSD stablecoin compliant with the GENIUS Act creates deflationary pressure on XRP while expanding liquidity and practical applications.
What is the current trading activity level on XRPL?
On-chain data shows that XRPL maintains over 830,000 transactions daily, with more than 29,000 active wallets and 10,000 individual traders, demonstrating increased liquidity and the vitality of the ecosystem.
Moreover, the trading volume on XRPL's decentralized exchange (DEX) is exceeding $12 million, while meme coin transactions reach $6.25 million and Stablecoin trades stabilize around $5.6 million daily.
How does the launch of the EVM sidechain affect the XRPL ecosystem?
In just one week since the EVM-compatible sidechain was activated at the end of June 2025, over 1,400 smart contracts have been deployed and more than 1,300 contracts are still active, paving the way for DeFi applications and expanding XRPL's capabilities beyond traditional cross-border payments.
"Expanding smart contract capabilities on the EVM sidechain not only attracts developers but also opens up practical application opportunities for larger organizations in the finance and global remittance sectors."
Brad Garlinghouse, CEO of XRPL, July 2025
What role does Stablecoin RLUSD play in the XRPL ecosystem?
RLUSD is a stablecoin designed to strictly adhere to the GENIUS Act with a 1:1 reserve ratio and monthly audits, expected to become an important medium in international payments and remittances.
The popularity of RLUSD has increased stable trading volume on XRPL, while each RLUSD transaction contributes to burning XRP, creating deflationary pressure on the XRP token, thereby increasing value and liquidity for the ecosystem.
"Each RLUSD transaction on XRPL burns the corresponding amount of XRP, creating a supply reduction effect while ensuring scalability and transparency of the new digital payment system."
Paul Barron, cryptocurrency analyst, July 2025
Is XRP facing a significant opportunity for price increase in the near future?
Technical analysis shows indicators like Bollinger Bands expanding on XRP's monthly chart, a signal last seen before the 1,300% price surge in 2017. The potential price target is forecasted around $45.
Combined with the trend of financial institutions shifting their investment towards XRPL, the growth of DeFi and practical applications is rising, XRP is evaluated by experts as having the potential to start a new strong growth cycle, possibly surpassing even the phase from 2017.
How do organizations and markets assess XRPL?
The 15% decline of SWIFT in international transaction volume, which amounts to $150 trillion, has opened up opportunities for XRPL to potentially capture up to 14% of this market in the next 5 years, equivalent to over $21 trillion.
SWIFT XRPL Index Annual transaction volume $150 trillion Expected to capture $21 trillion in the next 5 years Average daily transactions not disclosed Over 830,000 transactions Active wallets Not applicable 29,000+ Smart contracts Not supported 1,400+ contracts on EVM sidechain
Frequently asked questions
What is XRPL and what makes it stand out?
XRPL is a global payment platform with low transaction speed and costs. Currently, there are over 830,000 transactions daily and robust development in smart contracts and DeFi.
What benefits does XRPL's EVM sidechain provide?
The EVM sidechain allows for the deployment and operation of smart contracts according to Ethereum standards, expanding DeFi application capabilities and attracting more developers.
What impact does RLUSD have on XRP?
RLUSD complies with the GENIUS Act standards, helping to burn XRP in each transaction, creating deflationary pressure while increasing liquidity and broad applicability for XRP.
Does XRP have a strong chance of price increase?
Technical analysis along with institutional interest indicates that XRP is on the brink of a price explosion with a potential target around $45.
Can XRPL replace SWIFT in global payments?
With its efficiency and cost advantages, XRPL is expected to capture up to 14% of the cross-border payment market, equivalent to over $21 trillion in the next 5 years.
Source: https://tintucbitcoin.com/xrp-du-kien-chiem-linh-21-nghin-ty/
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