# Fewer Active Accounts, Larger Transactions: Value on XRP Ledger Reaches $4.26 Billion

> As active accounts on the XRP Ledger decrease, transaction volume per account has nearly tripled, and the total financial value on the network has reached $4.26 billion. XRP Ledger’s second-quarter…

**As active accounts on the XRP Ledger decrease, transaction volume per account has nearly tripled, and the total financial value on the network has reached $4.26 billion.**

XRP Ledger’s second-quarter performance presented a picture where larger transactions took precedence over a higher number of users. According to a report shared by Evernorth with CoinDesk, the number of daily accounts initiating transactions on the network dropped from 1,860 last year to approximately **1,100**.

In contrast, daily transaction volume on the order book increased by 79% to **3.57 million XRP**. Consequently, daily volume per account rose from 1,070 XRP to **3,200 XRP**. Since accounts do not directly reflect the number of individuals, this shift does not prove that institutional investors are replacing retail investors. However, it does reveal that XRP transactions are becoming concentrated among a smaller group of active accounts.

### $4.26 Billion Value on XRP Ledger

The average value of tokenized assets held on the network rose to **$3.72 billion**. When the average balance of **$539 million** from RLUSD—the Ripple-linked, dollar-backed stablecoin—is added to bonds and similar financial assets represented on the blockchain, the total value reached approximately **$4.26 billion**.

This figure is significantly higher than the $99 million level seen six quarters ago. While the average supply of RLUSD on the XRP Ledger increased by more than 600% year-over-year, the RLUSD transfer value on the network also rose more than ninefold.

During the same period, spot XRP ETFs—which offer access to XRP without requiring a direct wallet—recorded net inflows in all three months, collecting **$273 million**. This flow demonstrated demand through a separate investment channel for XRP. However, no direct cause-and-effect relationship was established between ETF inflows and the increase in value on the XRP Ledger.