Average value held on the XRP Ledger reached $4.26 billion in Q2 2026, the highest reading in the six-quarter period studied. The liquidity measure rose even as accounts transacting on the network averaged about 16,600 a day, down 24% from a year earlier, according to CoinDesk.
More value was held on the ledger even as the daily base of transacting accounts contracted. The order book reflected that pattern as well: trading volume increased year on year, while fewer accounts initiated those trades.
Data Snapshot
| Metric | Current | Previous | Change | Period | As of | Source |
|---|---|---|---|---|---|---|
| Average value held on the XRP Ledger | $4.26 billion | $99 million six quarters earlier | — | Q2 2026 | September 3, 2026 | The Crypto Basic |
| Accounts transacting on the XRP Ledger | about 16,600 a day | about 24% higher a year earlier | down 24% from a year earlier | Q2 2026 | September 5, 2026 | CoinDesk |
| Average daily order-book trading volume | 3.57 million XRP a day | — | up 79% from a year earlier | Q2 2026 | September 5, 2026 | CoinDesk |
| Daily accounts initiating order-book trades | about 1,100 a day | more than 1,860 | fell by about 41% | Q2 2026 | September 5, 2026 | CoinDesk |
| Average RLUSD balance on the XRP Ledger | $539 million | $73 million | up 642% | Q2 2026 | September 3, 2026 | The Crypto Basic |
$4.26 billion average value coincides with RLUSD’s rise
The $4.26 billion average value held compares with $99 million six quarters earlier, according to The Crypto Basic. Its source described the Q2 2026 result as the highest level in the six-quarter period studied.
Average RLUSD balances on the XRP Ledger reached $539 million in Q2 2026, up 642% from $73 million a year earlier. The RLUSD figure is a separate average-balance metric and should not be added to, or treated as interchangeable with, the ledger-wide value-held reading.
Together, the two measurements place a larger amount of value on the ledger during the quarter, with RLUSD balances markedly higher than a year earlier.
RLUSD supply metric by Evernorth — Source: The Crypto Basic
Fewer XRP Ledger accounts transacted in Q2
About 16,600 accounts a day transacted on the XRP Ledger in Q2, down 24% from a year earlier, while average value held reached a six-quarter high.
The account figure measures the daily transacting base, not value held; the available figures show the divergence without identifying why fewer accounts transacted.
Order-book volume rose as initiating accounts fell
Average daily order-book trading volume was 3.57 million XRP in Q2 2026, up 79% from a year earlier, CoinDesk reported. At the same time, daily accounts initiating order-book trades fell by about 41% to about 1,100 a day, from more than 1,860.
That combination means order-book volume increased despite fewer accounts starting trades. It is consistent with activity being carried by a narrower set of participants, though the figures alone do not show the identity or behaviour of those accounts.
Q2 therefore closed with three distinct readings: $4.26 billion in average value held, about 16,600 daily transacting accounts and 3.57 million XRP in average daily order-book trading volume.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Be the first to comment