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Data covering the last 5,000 $XRP Ledger blocks shows that the network processed over 1 million transactions, with payments largely driving the activity.
Specifically, payment transactions alone accounted for 53.2% of the total, confirming that value transfer remains the primary use case on the XRPL. Meanwhile, a significant share of activity came from order book interactions, with OfferCreate transactions totaling 371,895.
Key Points
- Data shows the $XRP Ledger processed over 1 million transactions across 5,000 blocks, with payments making up 53.2% (577,394 transactions).
- OfferCreate transactions followed, reaching 34.2% (371,895) as a result of strong liquidity demand and trading activity.
- Meanwhile, about 32% of liquidity-related transactions failed due to competition and timing issues.
- The network also recorded a spike in $NFT activity, with NFTokenBurn transactions hitting 65,369 (6.0%) due to massive burns after the SBI EXCO 2025 $NFT event.
- The analysis confirms that $RLUSD recorded 92,699 transfers, making it the most actively used token by a wide margin.
XRPL Payments Dominate Network Activity
XRPL dUNL validator Vet presented this data in his review of the last 5,000 blocks on the $XRP Ledger. Of the 1 million total transactions within these blocks, Payment transactions reached 577,394, making up 53.2% of all activity. This shows that most of the network’s usage still centers on moving value from one account to another.
The data also reveals that OfferCreate transactions came in at 371,895, or 34.2%, as they also formed a large part of the activity. Notably, such figure suggests that network participants are continuously involved in liquidity-related operations.
Other transaction types appeared in smaller numbers. For instance, NFTokenBurn recorded 65,369 (6.0%), while OfferCancel stood at 27,819 (2.6%). Categories like AccountSet (17,750 or 1.6%) and TrustSet (12,074 or 1.1%) saw smaller shares, and the rest of the transaction types each stayed below 0.5%.
Liquidity Competition and $NFT Burns
While going through the data, Vet explained that many of the 371,895 OfferCreate transactions come from users trying to access liquidity on the ledger. These transactions often aim to get ahead of others and secure available funds in the order book.
He noted that this kind of competition leads to a high number of failed attempts. In fact, about 32% of these liquidity-related transactions do not go through, as they fail to get the needed liquidity in time. This explains why OfferCreate transactions appear so often in the data, even though not all of them lead to successful trades.
Speaking further, Vet also called attention to the sharp rise in NFTokenBurn transactions, which reached 65,369 (6.0%). He attributed this increase to activity tied to SBI EXPO 2025 NFTs, where many NFTs were removed from circulation.
For the uninitiated, the SBI EXPO 2025 $NFT event was an initiative by SBI Holdings that issued commemorative NFTs on the $XRP Ledger for Expo 2025 Osaka, held from April to October 2025. It created a record 10,622,441 NFTs, earning a Guinness World Record for the highest number minted for a single event.
Now, network participants have continued to burn some of the minted tokens. Compared to the burn activity, other $NFT-related actions remained quite low. For instance, NFTokenCancelOffer recorded 468 transactions, NFTokenAcceptOffer 192, and NFTokenMint 151.
$RLUSD Leads Token Transfer Activity
Looking at token transfers, Vet found that the Ripple stablecoin, $RLUSD, recorded the highest number of transfers at 92,699, making it the most active token on the ledger during this time. He noted that $RLUSD’s lead is quite large compared to the rest.
Other tokens followed at much lower levels. ARK recorded 10,281 transfers, while RPR had 6,497 and ASC reached 6,227. In the middle range are PLR (5,793), STX (5,474), and BOX (4,653). Lower down, EverBurn (4,344), FUZZY (3,576), and SENT (3,204) had fewer transfers.