Daily transaction volume on the XRP ledger The number of transactions rose to nearly 3 million this week, almost tripling the roughly 1 million transactions recorded daily in mid-2025, according to data released by Evernorth, the largest public XRP treasury company.

XRP ledger activity at record levels

The latest data shows that XRP Ledger is currently processing almost 3 million transactions per day, making it one of the busiest periods in the history of the network. The raise puts current activity well above levels seen earlier in the cycle, especially in mid-2025, when XRP was hitting up-to-date all-time highs.

Chart data disclosed by Evernorth, based on XRPScan data indicates that February 2026 is the strongest month in the observed window, with the average daily number of transactions increasing to approximately 1.3 million during the month, compared to 800,000 in May 2025 on a monthly average. Individual daily highs in March currently stand at 3 million transactions.

XRP ledger transaction the number did not follow a linear path. Average monthly XRP transactions ranged from 800,000 to 950,000 from May to August 2025 before dropping to a low of around 700,000 and falling below that threshold on some days in June and July. The recovery in the fourth quarter of 2025 was moderate, but transaction volume declined again at the end of the year.

XRP transactions changed significantly earlier this year. Average monthly transaction volume exceeded 1 million in January 2026, and daily transaction volume now exceeded 2.7 million in March 2026, up from a high of 1 million per day in mid-2025.

Image of the chart with X. Source: @evernorthxrp

Activity and prices move in opposite directions

Although transactions are high, the market price of XRP hasn’t happened yet raise in network usage. The cryptocurrency continues to trade in a relatively tight range around $1.40. However, this discrepancy between the network’s utility and the token price it cannot last forever.

One sec he said in a recent interview with Paul Barron Zach Pandl, director of research at Grayscale Investments, discussed how regulatory clarity in the United States could impact the long-term valuation of XRP.

According to the director, XRP-related products are already in huge demand from investors. However, regulatory transparency specifically the transition CLARITY Act, may result in a significant change in the valuation of XRP. “I think we will see prices for a range of assets, certainly including XRP,” he said.

Interestingly, the Grayscale executive also identified the long-term prospects for the XRP token supply as a particular area where legislative transparency could raise its value.

This idea of ​​institutional commitment to XRP is also reflected in Evernorth. The the company announced a $1 billion valuation in October 2025 to accumulate XRP as treasury reserve. The Evernorth concept is based on the same strategy popularized by Strategy he built a corporate treasury around himself Bitcoin. However, instead of simply holding, Evernorth seeks to raise XRP per share over time by participating in institutional lending and other DeFi activities.

Featured image from Getty Images, chart from TradingView