daily trading volume on XRP Ledger According to data published by Evernorth, the largest public XRP treasury company, the number of trades has soared to about 3 million as of this week, nearly triple the roughly 1 million trades per day recorded in mid-2025.
Record-level XRP Ledger activity
The latest data is The XRP Ledger currently processes approximately 3 million transactions each day, making it one of the busiest periods in the network’s history. This increase puts current activity well above levels recorded earlier in the cycle, particularly in mid-2025, when XRP was hitting new all-time highs.
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chart Data revealed by Evernorth, Data from XRPScan data shows that February 2026 was the strongest month of the observed period, with average daily transactions increasing from 800,000 in May 2025 to approximately 1.3 million per month. The daily peak in March is now 3 million transactions.
XRP Ledger transactions count does not follow a straight path. Average monthly XRP transactions fluctuated between 800,000 and 950,000 from May to August 2025, before declining to a low of around 700,000 and falling below that threshold on certain days in June and July. The recovery in the fourth quarter of 2025 was gradual, but transactions declined again at the end of the year.
XRP trading changed significantly at the beginning of this year. The average number of monthly transactions exceeded 1 million in January 2026, and the number of transactions per day exceeded 2.7 million in March 2026, up from a peak of 1 million transactions per day in mid-2025.
Chart image from X. Source: @evernorthxrp
Activity and price move in opposite directions
Although the trading volume is large, the market price of XRP is Not following yet Increased network usage. The cryptocurrency remains within a relatively narrow range around $1.4. However, there is a gap between network utility and token price It may not last indefinitely.
meanwhile talked about in a recent interview We sat down with Paul Baron and Zach Pandle, head of research at Grayscale Investments, to discuss how U.S. regulatory clarity could impact XRP’s long-term valuation.
According to the executive, products related to XRP are already seeing strong demand from investors. However, the clarity of regulations; Specifically, passing through The CLARITY Act could impact meaningful repricing of XRP. “I think we will see pricing for a wide range of assets, including XRP,” he said.
Interestingly, Grayscale executives also identified XRP’s long-term token supply outlook as a specific area where legal clarity could increase value.
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This idea of institutional involvement in XRP is also reflected through Evernorth. of the company announced It will be valued at $1 billion in October 2025 and will accumulate XRP as a financial reserve. Evernorth’s concept follows the same strategy popularized by Strategy. Built around corporate finance Bitcoin. However, rather than simply owning it, Evernorth seeks to increase its XRP per share over time by participating in institutional lending and other DeFi activities.
Featured image from Getty Images, chart from TradingView
