XRP continues to dominate the XRP Ledger in terms of transaction volume. According to a detailed analysis covering October 1, 2019, to April 30, 2020, XRP accounted for 125 billion units over seven months, averaging 586 million XRP per day. This makes it the most used currency on the ledger by a significant margin. Crypto researcher SMQKE (@SMQKEDQG) shared this data in response to claims that institutions could use the XRP Ledger without XRP, relying instead on stablecoins or other assets. The data clearly supports XRP’s central role . The ledger records show that payment activity overwhelmingly favors XRP, not alternative tokens. Yes, XRP is “by far the most used currency on the ledger in terms of payment volume.” Of course it’s documented. https://t.co/bcUil7E3zn pic.twitter.com/wNVD44judU — SMQKE (@SMQKEDQG) February 20, 2026 Concentration Among Top Accounts The data shows that the distribution of XRP transactions was also concentrated. The top 10 senders processed 53% of the total volume, while the top 10 receivers captured 50%. Ripple accounted for 7% of activity, or 9 billion XRP, mainly from monthly 1 billion XRP escrow releases . Most escrowed funds were unused, but still added to Ripple’s transaction share. Exchanges played a major role in XRP flows. Binance led activity by sending 15.2 billion XRP and receiving 14.5 billion during the observation period. Other major exchanges, including Bithumb, Coinbase, Bittrex, and Bitso, also appear as key participants in XRP transfers. XRP Compared to Other Tokens XRP dominates the ledger compared with fiat tokens. USD, EUR, and CNY appear with much smaller volumes: 328M USD, 8M EUR, and 19M CNY. On-ledger exchange rates averaged 5.4 XRP/USD, 5.5 XRP/EUR, and 0.7 XRP/CNY, matching off-ledger values, but transaction volumes remain minimal compared to XRP’s activity. The ledger’s data indicates that XRP remains the primary medium of exchange, with other currencies used mostly as secondary or niche instruments. This activity shows the token’s liquidity, accessibility, and utility within the ecosystem. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Institutional Use and Network Function SMQKE’s point reinforces that XRP is not optional for the ledger’s core payments activity. While some suggest institutions could rely on other assets , the actual flows demonstrate heavy XRP usage. Payments, settlement, and account liquidity all rely predominantly on XRP. The ledger’s transparency enables clear tracking, which reveals that XRP facilitates the majority of value transfer. Ripple has revealed that XRP is at the core of its plans , and this data backs that stance. XRP’s activity on the ledger demonstrates both scale and concentration. High-volume accounts, major exchanges, and regular escrow-related flows all contribute to its dominance. The ledger shows a structured and consistent pattern of XRP usage that other tokens do not match. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Is By Far the Most Used Asset on the XRPL. Here’s the Proof appeared first on Times Tabloid .
