XRP Ledger (XRPL) is demonstrating significant growth in payments and transactions, emphasizing its importance in financial technologies.
Surge in Payment Transactions on XRP Ledger
Payments on XRPL remain the largest use case, with weekly payment transactions increasing by more than 430% over the last two years. Data from Dune Analytics shows weekly payment transactions surged from around 1.5 million in 2023 to over 8 million in 2025, accounting for nearly 60% of the total 14.1 million weekly transactions on the network. XRPScan data further supports this, revealing that on July 1, there were almost 967,000 daily payment transactions out of a total of 1.53 million.
New Users and DeFi Activity Rise
Meanwhile, Dune data also highlights other transaction types on the network, such as decentralized exchange (DEX) trades and non-fungible token (NFT) mints. XRPL DEXs are seeing an average of 2,300 traders daily, with transaction volume exceeding 384 million XRP. While these figures lag behind other smart contract networks like Solana and Ethereum, they illustrate the gradual growth of the network's DeFi sector. Notably, XRPL is still adding new users, with over 2,800 new accounts registered on June 30.
Ripple Resolves Case Against SEC
The positive performance of the XRPL ecosystem is also fueling XRP token performance this year. Despite a nearly 2% dip today, the token remains one of the best performers. Optimism for future gains is bolstered by the resolution of Ripple's long-standing legal issues with the U.S. Securities and Exchange Commission (SEC). In late June, Ripple dropped its cross-appeal in the SEC lawsuit, allowing the company to focus on building rather than fighting.
Overall, XRP Ledger is showcasing strong growth in payment transactions while confirming its role as a key player in DeFi, and the resolution of legal matters is expected to positively impact future XRP adoption.
