Key Insights:
- RLUSD market cap on XRP Ledger increased 45% to $340 million during Q1 2026 period.
- XRPL real-world asset market cap rose 124% and reached $2.25 billion globally.
- XRP spot ETF holdings increased to 775.4 million XRP, representing circulating supply shares.
- Average daily XRPL transactions climbed 35% to 2.48 million during the quarter period.
While XRP’s market price remain under pressure during the first quarter of 2026, data from the XRP Ledger ecosystem showed growth across several core areas. Increase in stablecoin activity, tokenized assets, ETF holdings, and network transactions.
Major XRP Ledger metrics moved higher between the end of 2025 and the close of the first quarter of 2026. The ecosystem activity expanded even as XRP traded within a narrow range.
RLUSD and Tokenized Assets Show Growth
The market capitalization of RLUSD on the XRP Ledger reached $340 million during the quarter. That represented a 45% increase from the previous quarter. The rise points to growing activity around the stablecoin within the XRP Ledger ecosystem. Stablecoins are often used for payments, settlements, and transfers.
Increased usage can contribute to higher on-chain activity. The report also showed growth in tokenized real-world assets on XRPL. The total market value of these assets climbed 124% and reached $2.25 billion. Real-world assets, often called RWAs, include financial products represented on blockchain networks.
The data placed XRPL as the fourth-largest blockchain network for tokenized real-world assets. It ranked behind Ethereum, Stellar, and zkSync during the reporting period. The growth came as financial institutions continued to explore blockchain-based asset tokenization. Several networks have competed to attract issuers and investors seeking regulated digital asset products.
XRP ETF Holdings and Network Activity Increase
XRP spot exchange-traded fund holdings also recorded growth during the quarter. Data show holdings increased by 2% to 775.4 million XRP. These holdings account for about 1.3% of XRP’s circulating supply. ETF products generally hold assets in custody on behalf of investors, which can affect circulating market liquidity.
Network activity also moved higher during the same period. Average daily transactions on the XRP Ledger increased 35% and reached 2.48 million. The report further noted progress in identity-related features, compliance tools, and privacy-focused infrastructure. These developments are part of ongoing efforts to expand the network’s capabilities for enterprise and institutional use.
X Finance Bull stated, “Every single metric moved in one direction. Up. Significantly. In 90 days.”
The data reflects continued ecosystem expansion during the first quarter of 2026. Market participants will continue monitoring whether network growth and adoption trends persist through the remainder of the year.
