TLDR
- XRP payment volume reached a record $617 billion in 2025, marking a 138% increase from 2024.
- The 2025 volume is the highest ever recorded for XRP, surpassing the previous high of $259 billion in 2024.
- XRP’s low fee structure remains a key strength, with only $2 million in fees collected despite the large payment volume.
- The XRP network’s payment volume growth in 2025 signals a recovery after years of slow growth and legal challenges.
- Ripple’s stablecoin RLUSD contributed to XRP’s growth with $1.87 billion in payment volume and $1.37 billion in order book trading.
The annual XRP payment volume surged to a record $617 billion in 2025, more than double the $259 billion recorded in 2024. This marks the highest-ever recorded annual volume for the XRP network, according to data from Dune Analytics. The 138% increase highlights the strong recovery of XRP’s ecosystem, which had been struggling during the previous years.
XRP Payment Volume Sees Unprecedented Growth
In 2024, XRP’s payment volume stood at $259 billion, showing an upward trend compared to 2023. However, 2025 witnessed an even more substantial increase, with the total reaching $617.19 billion. This jump reflects a 138% growth, establishing 2025 as the year with the highest annual XRP payment volume to date.
Despite this rapid growth in transaction volume, the XRP Ledger (XRPL) maintained a low fee structure. In 2025, the network only generated $2 million in total fees, a stark contrast to the high volumes processed. This efficiency underscores XRP’s position as one of the most cost-effective networks in the payment processing space.
XRP Ecosystem Recovering from Past Struggles
The surge in XRP payment volume in 2025 marks a turning point for the network, especially after a series of struggles in previous years. Following a decline in 2022 and 2023, when volumes dropped to $234 billion and $174 billion, respectively, the network showed signs of recovery. The 2024 figures of $258 billion set the stage for the impressive growth observed in 2025, confirming that the XRP ecosystem has been recovering after years of legal and market challenges.
Dune Analytics also pointed out that the XRP Ledger continues to operate with low transaction fees. For every $100,000 transacted, users paid just $0.32 on average. This fee efficiency is a crucial element driving XRP’s growth in the global payment space, providing a competitive edge over other payment networks.
Ripple’s RLUSD Contribution to XRP’s Growth
In 2025, Ripple’s stablecoin, RLUSD, also played a role in boosting the XRP ecosystem. RLUSD saw a total payment volume of $1.87 billion and $1.37 billion in order book trading on the XRPL decentralized exchange (DEX). The stablecoin’s successful launch in December 2024 helped increase liquidity and further solidify XRP’s growing ecosystem.
The addition of RLUSD contributed to a broader range of financial services on the XRP network. By the end of 2025, over 33,000 unique wallets had used RLUSD for payments. The growth in liquidity was also evident, with nearly 4,000 participants joining automated market maker pools that generated almost $18 million in trading volume.
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