XRP Ledger (XRPL) experienced a 50 % drop in usage over the last two weeks, with daily active addresses falling to roughly 25,000 on June 16, down from about 50,000 just fourteen days earlier, according to Santiment data cited by Finbold on June 19.
On‑Chain Activity Decline
The XRPL’s transaction demand has been eroding steadily, as the 30‑day transfer volume for Real World Assets (RWA) slumped 69.39 % to approximately $44.93 million, based on figures from RWA.xyz. Distributed asset value on the ledger also contracted by 10.83 % over the same period, settling near $360.32 million. Despite these setbacks, the total number of XRPL addresses continued its upward trend, hovering around 8,369,664 according to CryptoQuant.
Stablecoin Segment Resilience
Tokenization demand on XRPL remains robust, with the stablecoin market cap climbing 17.73 % to $922.42 million in the past 30 days. The count of stablecoin holders rose 1 % to about 59,310, while stablecoin transfer volume surged 22.84 % to $5.11 billion, underscoring continued investor interest in the blockchain’s fiat‑backed assets.
Market Outlook for XRP
Although XRP’s native ledger faces a sharp reduction in active addresses and RWA activity, the growth in stablecoin usage suggests a nuanced market dynamic. Investors may view the stablecoin surge as a hedge against the broader decline, keeping XRP’s relevance within the crypto ecosystem intact.