$XRP Ledger buying and selling exercise grew considerably within the second quarter. The common every day order-book quantity rose 79% from a yr earlier even because the variety of accounts executing these trades declined, in response to a brand new report from $XRP-focused digital asset treasury firm Evernorth.
Order-book buying and selling on the $XRP Ledger averaged 3.57 million $XRP per day within the three months via June. It’s up from the year-earlier interval.
On the similar time, the variety of accounts putting trades every day fell to 1,111 from 1,864.
That meant considerably extra $XRP was traded per energetic account. Common every day buying and selling per account rose to three,217 $XRP from 1,072 $XRP a yr earlier, in response to Evernorth’s Q2 2026 $XRP Liquidity Report.
Order-book exercise additionally accounted for 81% of on-chain buying and selling in the course of the quarter, in contrast with 54% a yr earlier.
The report’s findings come as liquidity on the $XRP Ledger continues to develop past $XRP itself.
Evernorth stated the typical provide of $RLUSD, Ripple’s dollar-pegged stablecoin, on the ledger reached $539 million within the second quarter, up from $73 million a yr earlier.
$RLUSD‘s share of its complete provide held on the $XRP Ledger additionally elevated to 34% from 20% over the identical interval. Evernorth famous that the expansion occurred whereas the broader stablecoin market contracted for the primary time since 2023.
The info gives a snapshot of how buying and selling and stablecoin liquidity on the $XRP Ledger have modified over the previous yr. Nevertheless, it doesn’t by itself set up whether or not the rise in commerce dimension.
Evernorth’s public debut
Evernorth is making ready to develop into a publicly traded digital asset treasury firm via a proposed mixture with Armada Acquisition Corp. II. The businesses stated final month that the U.S. Securities and Alternate Fee had declared their Kind S-4 registration assertion efficient.
Armada shareholders are scheduled to vote on the transaction Sept. 30. If permitted and accomplished, the mixed firm is anticipated to commerce on Nasdaq below the ticker XRPN.
