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The $XRP ecosystem has recorded more than $5 billion in 30-day stablecoin transfer volume, a clear increase from the level recorded a month earlier.
This is according to data provided by RWA.xyz, a leadingty continues to grow across the $XRP Ledger
The rise comes as $XRP battles renewed selling pressure while trying to hold on to some of the gains from its 30% rally in August. Despite the broader market pullback,$XRPremains above $1.35, showing some resilience as the crypto market struggles.
Stablecoin Transfer Volume Surpassed $5B
Specifically, datafrom RWA.xyz showsthatstablecoin transfer volume reached $5.25 billion over the past 30 days.This represents an 18.21% increase from the figure recorded 30 days ago. The growth has come alongside the rising presence of $RLUSD, Ripple’s stablecoin, on the $XRP Ledger.
In addition, the number of stablecoin holders on the $XRP Ledger has also increased. Over the past 30 days, stablecoin holders grew 10.13% to 80,740.Thisindicates thatthe network isnow witnessinggrowing participation in the stablecoin market amidincreasingadoption.
The stablecoin market itself has also expanded during the same period. Its market capitalization rose 26.04% over the past month to $1.10 billion, aftercrossing the $1 billion markjust last month.
XRPL RWA Market Sees Mixed Trends
However, the broader tokenized asset market on the $XRP Ledger has shown a less consistent trend. Notably, RWA holders rose 19.63% in the past 30 days to 256, but distributed asset value fell 5.51% during the same period to $458.39 million. Represented asset value also declined 2.01% to $3.97 billion.
In addition, RWA 30-day transfer volume dropped 87.15% over the last month to $31.14 million. However, the decline does not automatically indicate weaker demand. Investors may simply be keeping their tokenized assets on the $XRP Ledger instead of moving them between wallets.
$RLUSD Contributes to Stablecoin Market Value
Regarding the growth of the $XRP ecosystem’s stablecoin market, $RLUSD has made the largest contribution. Ripple launched the stablecoin in December 2024, and its market presence has continued to expand since then.
Earlier this month,The Crypto Basicconfirmedthat $RLUSD had crossed a $2 billion market cap, with about $1 billion issued on the $XRP Ledger. At press time, $RLUSD’s market value on the $XRP Ledger stood at exactly $1,033,001,741. This represents a 26.86% increase in its XRPL-based valuation over the past 30 days.
$RLUSD has also strengthened its position within the $XRP Ledger’s distributed RWA market. Its share increased 10% over the past month to 66.32% at press time. This confirms that while some areas of the tokenized asset market have slowed, stablecoin activity, led by $RLUSD, continues to grow across the $XRP ecosystem.
Source: cryptonews.net