A huge gap between network use and token value is the most important thing happening in XRP right now

Daily payments on XRPL surged to 2.7 million, AMM pools exploded to 27,000, and tokenized asset value jumped 35% in 30 days. XRP is down 26% this year. What to know : Activity on the XRP Ledger has surged to more than 2.7 million daily payments and nearly 27,000 AMM pools, even as XRP’s price remains 62 percent below its late-2025 high. Much of the ledger’s growth is driven by Ripple’s RLUSD stablecoin and tokenized assets that use XRP briefly as a bridge currency, boosting transactions without creating lasting demand or scarcity for the token. XRP’s DeFi footprint and DEX volumes remain small relative to its $84 billion market value, but the ledger’s $461 million in tokenized real-world assets and rising institutional-style flows underpin a longer-term tokenization bull case.