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XRP Ledger shows 200% activity spike but payment volume drops 89%, signaling concentrated network use.

Protocol Fundamentals
31 Aug 2026
Coinpaper
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Neutral
XRP Ledger shows 200% activity spike but payment volume drops 89%, signaling concentrated network use.

XRP Ledger activity metrics reveal a complex picture: transactions per ledger surged over 190%, yet total transactions, successful transactions, active accounts, and payment volume dropped significantly, with payment volume falling 89%. This suggests activity is becoming more concentrated rather than broadly growing across the network. Meanwhile, XRP market trading volume and U.S. spot XRP ETF inflows remain strong, with ETFs attracting $110 million in a week and XRP price rallying in August. The mixed signals indicate that institutional ETF demand may be a clearer near-term market driver than ledger activity alone.

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