Daily transaction volume in the XRP Ledger reached nearly 3 million as of this week, nearly tripling the estimated 1 million per day by 2025, according to data published by Evernorth, the largest public XRP treasury company.
XRP Ledger Activity At Record Levels
Recent data shows The XRP Ledger is now processing nearly 3 million transactions daily, making it one of the busiest periods in the network’s history. The increase puts current activity above levels recorded earlier in the cycle, especially during the months of 2025, when XRP was pushing to new all-time highs.
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Chart data presented by Evernorth, taken from XRPScan data, it shows February 2026 as the strongest month in the observed window, with average daily transactions rising to around 1.3 million per month, up from 800,000 in May 2025 on a monthly basis. Individual daily peaks in March are now at 3 million transactions.
XRP Ledger Sale count did not follow a linear path. The monthly average of XRP changed has fluctuated between 800,000 and 950,000 from May to August 2025, before dropping to around 700,000, and, on some days in June and July, falling below that threshold. The recovery in the fourth quarter of 2025 appeared modest, but transactions fell again at the end of the year.
XRP activity has changed significantly at the beginning of the current year. Average monthly transactions exceeded 1 million in January 2026, and daily transactions are now over 2.7 million in March 2026, from a peak of 1 million per day in mid-2025.
Chart Image From X. Source: @evernorthxrp
Work and Price Move in Opposite Directions
Although the transaction is high, the market price of XRP he hasn’t followed increased network usage. The cryptocurrency is still moving within a very narrow range of around $1.4. However, that gap between network usage and token prices it may not last forever.
While speaking in a recent interview and Paul Barron, Zach Pandl, Head of Research at Grayscale Investments, discussed how regulatory clarifications in the United States could impact XRP’s long-term outlook.
According to the official, products tied to XRP are already attracting a lot of demand from investors. However, clarification of the rules, especially the passage of the FIRST Act, may affect the re-pricing of XRP. “I think we’re going to see pricing across the board, including XRP,” he said.
Interestingly, the Grayscale executive also identified the idea of XRP’s long-term token offering as an area where regulatory clarification could increase its value.
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This idea of institutional involvement in XRP is also reflected in Evernorth. I the company announced a A valuation of $1 billion by October 2025 to collect XRP as a reserve currency. Evernorth’s concept follows the same strategy popularized by Strategy, which it has build business wealth around it Bitcoin. However, instead of just holding, Evernorth wants to grow XRP per share over time by participating in institutional lending and other DeFi activities.
Featured image from Getty Images, chart from TradingView
