53% of XRP transactions are payments, study shows

The $XRP Ledger (XRPL) network, which uses the native token ($XRP), has more than half of its transactions focused on payments, as of March 23, 2026.

A recent study of 5,000 XRPL blocks shows that 53.20% of the more than 1 million transactions sampled involved payments. Notably, a period of 5,000 blocks is about 4 hours due to the network’s high throughput and finality.

As for the OfferCreate transfers, a transaction type that shows the way users place orders on the XRPL’s built-in decentralized exchange (DEX), was the second largest with about 371,895 transactions, representing 34.2%. The NFTokenBurn transaction type was the third with about 65,369 transfers, according to on-chain analysis by Vet, an XRPL validator.

As such, it highlights the mainstream adoption of XRPL to facilitate cross-border payments closely followed by decentralized financial (DeFi) activity.

Ripple USD stablecoin dominates XRPL transactions

The rising use of stablecoins on the XRPL network significantly contributes to high-volume transfers. During the analyzed blocks, Ripple USD ($RLUSD) accounted for 92,699 transfers. The ARK token recorded the second-highest transfers on the XRPL with about 10,281.

Other notable tokens with high amounts of onchain transactions on the XRPL include RPR, ASC, PLR, and STX.

What’s the impact on $XRP?

A rising demand for XRPL to facilitate cross-border payments could have a longstanding demand for $XRP. Furthermore, Ripple Labs has partnered with banks, payment service providers, and fintechs to streamline cross-border payments, with $XRP use at the core.

As such, $XRP’s price could continue to benefit from the rising use of the XRPL network for payments. Earlier this month, Ripple Labs reported that Ripple Payments, the company’s solution for moving money across both traditional and digital rails, had surpassed $100 billion in total volume as $RLUSD crossed $1 billion in market cap.