The XRP Ledger is experiencing a surge in activity, reaching record levels of on-chain velocity in 2025. According to CryptoQuant, the metric shows an unprecedented spike in how frequently XRP tokens are exchanged between wallets, signaling significant liquidity and engagement. This activity is attributed to a combination of institutional flows, expanding ecosystem utility, and renewed market attention fueled by stablecoin ETFs.
A visual representation of this surge on CryptoQuant’s chart highlights the massive velocity spikes that signify high involvement from both whales and institutional players rather than just retail transactions.
The analysis points to a strengthening underlying liquidity layer in XRP. Although prices remain relatively stable around $2.1 – $3.0, the sustained activity suggests accumulating strength beneath the surface.
**Key Drivers of On-Chain Activity:**
* **Institutional flows:** Ripple’s new RLUSD stablecoin rollout and consistent institutional transactions have likely contributed to this surge.
* **AMMs & Account Set Transactions:** The rise in account configuration and AMM bids is a strong indicator of institutions positioning themselves for increased participation in XRPL’s Automated Market Maker (AMM) pools, securing potential benefits.
* **Rising demand for real-world assets (RWA):** The increasing interest in tokenizing real-world assets on the ledger further fuels activity.
* **Spot ETF Inflows:** These steadily rising flows from newly launched spot XRP ETFs are another factor driving confidence and attracting institutional investment.
Ultimately, this surge suggests a healthy and thriving ecosystem for XRP, fueled by a combination of innovative deployments and growing institutional interest.