XRP
XRP Ledger trading volume surged in second quarter despite sharp drop in active accounts
Order-book volume on the XRP Ledger grew significantly over the past year even as the count of participating accounts declined and token prices fell.
Order-book trading on the XRP Ledger's integrated decentralized exchange climbed 79% year-over-year in the second quarter of 2026, reaching 3.57 million XRP per day compared to 1.99 million a year earlier, according to Evernorth's Liquidity Report. Over the same timeframe, the number of unique accounts placing these trades declined 40% from 1,864 to 1,111 daily, while the XRP token traded at $1.41, down 50% over twelve months.
The average volume traded per active account tripled from 1,072 XRP to 3,217 XRP daily, with order-book activity expanding to represent 81% of total exchange volume. Evernorth noted that because single entities can operate multiple addresses, the concentration could reflect wallet consolidation or the introduction of permissioned trading in February 2026, rather than a definitive influx of institutional participants.
Daily active addresses across the network fell by more than 23% during the first half of 2026, despite total created accounts expanding to 8.40 million. Similar contractions were observed across the broader market, where combined on-chain exchange volume on seven major networks fell 46% and transaction fees decreased 38% over the period.
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