Ripple’s XRP Ledger Achieves 70 Million Transactions in July
The XRP Ledger (XRPL), created by Ripple, is a leading blockchain network hosting the XRP token, which ranks third by market capitalization as of August 1. A Dune report released on the same day highlights key metrics from July.
- Over 70 million transactions recorded in July, totaling 3.83 billion transactions on the ledger.
- July transactions represent approximately 1.83% of the total, with 13.5 million completed in the last week.
- Daily transaction average stands at 1.8 million, indicating high network activity compared to other chains.
- 3,000 new accounts created daily, surpassing 1 million in 2025.
Source: Dune Dashboard by @outputlayer
Stablecoins and Cross-Chain Operations
- Demand for stablecoins is rising globally; the US dollar is the most popular backing currency.
- BBRL, a stablecoin pegged to the Brazilian Real, issued over $4.2 million worth of new tokens in July.
- XRP Ledger ranks second among chains for Brazil's stablecoins, following BRZ on Ethereum.
- RLUSD's daily transfers doubled from 5,000 to over 12,000 in 30 days, driven by Ripple's expansion efforts into Europe.
- XRP facilitated over $165 million in cross-chain transactions via Axelar to EVM blockchains.
- XRP represents 5.4% of the total value locked on Near Intents, with nearly $700,000 available for swaps.
This data reaffirms XRPL's resilience and competitiveness despite being a 13-year-old blockchain technology.