Peter Smith
⬤ XRP network activity expanded significantly during the second half of 2025, with daily transaction counts jumping to around 1.8 million. The network showed increased operational intensity as usage patterns shifted upward across multiple metrics. This growth came alongside a substantial increase in total payments executed on the ledger.
⬤ The XRP Ledger processed approximately 42 million payments during this period, representing a combined transaction volume of about 43.7 billion dollars. Transaction costs stayed extremely low at roughly 0.00002 dollars per transfer, proving the network can maintain efficiency even under heavier loads. Higher activity also led to around 1.5 million XRP being burned through transaction fees, creating a direct link between network usage and token supply reduction.
Transaction costs remained extremely low at roughly 0.00002 dollars per transfer, highlighting the network's efficiency at higher usage levels.
⬤ Trading volume charts reveal recurring spikes throughout the year, with activity fluctuating but staying consistently elevated during several periods. This pattern points to sustained engagement rather than temporary bursts, aligning with the reported increase in on-chain transactions during H2 2025.
⬤ These developments matter because they show how XRP's network usage, cost structure, and activity levels evolved over a defined timeframe. The reported increase in network decentralization since September, combined with rising transaction counts and stable trading participation, highlights structural changes that could influence how the network operates and scales going forward.
Peter Smith
