Daily transaction volume on the XRP ledger has risen to nearly 3 million as of this week, nearly tripling the roughly 1 million transactions recorded per day in mid-2025, according to data published by Evernorth, the largest public XRP treasury company.
XRP ledger activity at record levels
Recent data shows this XRP Ledger is now processing nearly 3 million transactions per day, making it one of the busiest periods in the network’s history. The increase puts current activity well above levels recorded earlier in the cycle, especially in the mid-2025 months when XRP soared to new all-time highs.
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The graph data revealed by Evernorth, sourced from Individual daily peaks in March are now 3 million transactions.
The transaction of the XRP Ledger counting has not followed a linear path. Monthly average A recovery in the fourth quarter of 2025 proved modest, but transactions fell again at the end of the year.
XRP transactions have changed significantly at the beginning of the current year. The monthly average number of transactions exceeded 1 million in January 2026, and daily transactions now exceed 2.7 million in March 2026, up from a peak of 1 million per day in mid-2025.
Chart image of X. Source: @evernorthxrp
Activity and price move in opposite directions
Although the transactions are high, the market price of XRP has not yet been followed the increase in network usage. The cryptocurrency is still moving within a relatively narrow range around $1.4. However, there is a gap between network utilities and token prices cannot last indefinitely.
While spoke in a recent interview With Paul Barron, Zach Pandl, head of research at Grayscale Investments, discussed how regulatory clarity in the United States could impact XRP’s long-term valuation.
According to the director, products linked to XRP are already attracting huge demand from investors. But the clarity of the regulations, specifically the passage of the CLARITY Act could impact a meaningful repricing of XRP. “I think we would see pricing across a range of assets, certainly including XRP,” he said.
Interestingly, the Grayscale executive also identified the long-term prospects of XRP’s token supply as a specific area where regulatory clarity could increase its value.
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This idea of institutional involvement in XRP is also reflected in Evernorth. The company announced a Valuation of $1 billion in October 2025 to accumulate XRP as a treasury reserve. Evernorth’s concept follows the same strategy popularized by Strategy built a company greenhouse around it Bitcoin. However, rather than just holding, Evernorth is looking to grow XRP per share over time by participating in institutional lending and other DeFi activities.
Featured image from Getty Images, chart from TradingView