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XRP Ledger sees fewer active users but surging transaction values driven by institutions

Protocol Fundamentals
05 Sep 2026
Crypto Briefing
View Source
Bullish
XRP Ledger sees fewer active users but surging transaction values driven by institutions

The XRP Ledger reached 8 million activated accounts in mid-2026, but daily active addresses have dropped sharply by about 61%, indicating less retail activity. Despite fewer users, average transaction values have soared to around $85,000, surpassing Bitcoin and Ethereum averages, driven mainly by institutional transfers using Ripple’s stablecoin RLUSD and tokenized real-world assets. This shift reflects a transition from retail to institutional use, supported by regulatory clarity from Ripple’s legal win against the SEC, making XRPL more attractive for large financial players. Investors should focus less on user counts and more on transaction size and asset composition to gauge XRPL’s health going forward.

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