In the second quarter of 2025, Coinbase released a report revealing unexpected changes in the dynamics of cryptocurrency. XRP has surpassed Ethereum in transaction revenue on the platform.
Reasons for XRP's Revenue Growth
The resurgence of XRP can be attributed to increased investor confidence following a legal win against the SEC in July 2023. This legal victory eliminated prior uncertainties, boosting XRP’s attractiveness in the market.
Bitcoin's Dominance on Coinbase
Bitcoin continues to cement its status as the dominant cryptocurrency within Coinbase’s holdings and revenue, making up $1.3 billion of the company’s cryptocurrency assets. Its stature is further solidified by institutional holders like Metaplanet and Riot Platforms.
Key Findings from the Report
Key insights from the report include:
* XRP’s transaction revenue climbed to 13% of Coinbase’s total, surpassing Ethereum. * Bitcoin holds a significant portion of the exchange’s cryptocurrency, amounting to $1.3 billion. * There was a 44% increase in revenue from stablecoins, despite interest rate cuts. * The total transaction revenue of $764 million didn’t meet expert estimates.
The shifts delineated in Coinbase’s report suggest strategic pivots among crypto assets and highlight the repercussions of external legal and economic factors on market dynamics.
