XRP Ledger Sees Record Growth as EVM Integration Boosts Adoption

The XRP Ledger (XRPL) is experiencing unprecedented growth, marking two consecutive quarters of rising metrics for the first time since early 2023, according to a new report by Messari.

Active addresses on XRPL surged by 142% quarter-over-quarter, while new address creation rose 12%, indicating increased user engagement. Daily transaction volume climbed 13%, and payment transactions grew by 36%, reflecting broader usage and activity on the blockchain. For the fourth quarter in a row, the number of receiver addresses outpaced active senders, suggesting a growing network effect.

The recent activation of the XRP Ledger Ethereum Virtual Machine (EVM) in late March is playing a crucial role in this momentum. With a mainnet launch expected in Q2, this upgrade will enable compatibility with Ethereum-based decentralized applications (dApps), including those in DeFi and NFTs, significantly expanding XRPL’s utility.

Messari’s report also highlights ongoing technical advancements. Among them is the planned implementation of Extensions—modular features that could allow native smart contract functionalities directly on XRPL. These innovations are expected to enhance the network’s competitiveness in the broader Layer 1 ecosystem.

Another key development is the rise of Ripple’s RLUSD stablecoin on XRPL. Although it currently holds a $44 million market cap on the ledger—just a portion of its $300 million+ total—it is seen as vital to Ripple’s long-term strategy. Ripple executive Jack McDonald emphasized that expanding RLUSD adoption on XRPL is a top priority.

With strong on-chain metrics and upcoming upgrades, the XRP Ledger is poised for further expansion, positioning itself as a serious contender in the evolving blockchain landscape. Investors and developers alike are watching closely as the network evolves to support smart contracts and Ethereum interoperability.