This article presents an analysis of XRPL activity for July 2025, based on token and NFT data from XPMarket, alongside network transaction and liquidity metrics.
Token-Level Activity
In July, XPMarket tracked 57.8K active traders executing 38.1M trades across 30.2K listed tokens. The total market cap rose to $439.5M, a 15% month-over-month gain compared to June. DEX volume reached $350.3M while CEX contributed $198.3M. Total token volume was $548.6M, marking the highest monthly volume since January 2025.
NFT Activity
July saw 1.7M NFTs minted, the highest monthly total for 2025, with 102.8K unique NFTs exchanged. Burn volume was modest at 8K. The average listing price reached 10.91 XRP, and the average mint cost held steady at 0.41 XRP.
XRPL Metrics
XRPL processed around 70M transactions, averaging 1.8M per day. Currently, there are 6.8M accounts, with over 1M new users added in 2025 thus far. July saw over 3K new accounts created daily, with peak signups exceeding 20K per day.
July 2025 reflected a high-usage, lower-speculation phase for XRPL. Transaction volume, liquidity, and token activity remained strong, while XPMarket continues to anchor XRPL usage across various fronts.
