How many US dollars does XRP ( $1.22 ) transfer per day?

XRP ( $1.22 ) ( XRP ( $1.22 ) ), the native cryptocurrency of the XRP ( $1.22 ) Ledger ( XRP ( $1.22 ) L), has been touted by proponents as a high-speed, low-cost solution for cross-border payments. But just how much value flows through the network on a daily basis? Let’s examine.

XRP ( $1.22 ) volumes have risen since Trump’s reelection

Based on $1.22 ) &c=usd&chartStyle=line&ema=0&mAvg=30&mMedian=0&s=1610315726&subset=aggregated&u=1743506168&zoom=" rel="nofollow noopener" target="_blank" text="null" title="https://studio.glassnode.com/charts/transactions.TransfersVolumeMean?a= XRP ( $1.22 ) &c=usd&chartStyle=line&ema=0&mAvg=30&mMedian=0&s=1610315726&subset=aggregated&u=1743506168&zoom=">recent data from Glassnode, XRP ( $1.22 ) ’s daily transfer volume settled on its blockchain in US dollars frequently ranges between $300 million and $1 billion.

However, since November 2024, when Donald Trump won the US presidential election, XRP ( $1.22 ) has settled an average of $2.28 billion per day, signifying heightened network activity likely fueled by XRP ( $1.22 ) ’s price boom in the same period.

That said, these spikes don’t necessarily reflect steady adoption or payment activity; instead, they could further be tied to speculative behavior, Ripple-related transfers, whale moves, and reshuffling between exchanges.

Ripple is behind many big XRP ( $1.22 ) transfers

One important factor behind the spikes in XRP ( $1.22 ) ’s daily transfer volume is large token sales by Ripple and its co-founder, Chris Larsen.

Chris Larsen’s XRP ( $1.22 ) sales (2024–2025):

🚨 🚨 50,000,000 $1.22 ) ?src=hash&ref_src=twsrc%5Etfw"># XRP ( $1.22 ) (29,120,312 USD) transferred from Chris Larsen to unknown wallethttps://t.co/D9iopMqePM

— Whale Alert (@whale_alert) September 16, 2024

• These sales reduced XRP ( $1.22 ) reserves on one of his wallets from 500 million to 410 million XRP ( $1.22 ) .

• Previously, the SEC estimated Larsen sold ~$453.69 million worth of XRP ( $1.22 ) between 2017 and 2020.

• The 2024–2025 sales stand out for their scale and timing during XRP ( $1.22 ) ’s rally past $3.

Ripple’s XRP ( $1.22 ) escrow sales (2017–2025):

• Ripple started selling XRP ( $1.22 ) from escrow in 2017, releasing up to 1 billion XRP ( $1.22 ) /month, often returning unsold tokens.

• It sold $91.6 million during the cryptocurrency’s 30,000% rally in Q4 2017

• In Q3 2018, Ripple sold $163 million during volatile markets.

• In Q2 2019, the firm sold $251 million in XRP ( $1.22 ) , one of its largest sales.

• Sales dropped to $1.75M in Q1 2020, likely due to regulatory pressure from the SEC.

• Across 2021, around $1.5B were sold, per Ripple’s reports.

• This suggests that Ripple tends to ramp up sales during bullish periods and scale back during XRP ( $1.22 ) price downtrends.

Related: Ripple ‘should act in its own interest’ when selling XRP ( $1.22 ) — Ripple CTO

In 2017, Ripple locked 55 billion XRP ( $1.22 ) —the majority of the total supply—into a series of escrow contracts. Each contract held 1 billion XRP ( $1.22 ) , set to be released monthly over 55 months.

However, any unused portion is returned to escrow, with a new contract pushed to the back of the queue, i.e., re-locked for 55 months.

During active sale periods, these movements could result in noticeable spikes in total transfer volume, especially when paired with high speculative interest.

🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 370,000,000 $1.22 ) ?src=hash&ref_src=twsrc%5Etfw"># XRP ( $1.22 ) (778,259,699 USD) locked in escrow at #Ripplehttps://t.co/Rk079yzgNf

— Whale Alert (@whale_alert) April 2, 2025

Bitcoin ( $76,245.00 ) and Ethereum ( $2,242.47 ) outperform XRP ( $1.22 ) overall

Bitcoin ( $76,245.00 ) and Ethereum ( $2,242.47 ) continue to dominate XRP ( $1.22 ) in terms of daily transfer volume, highlighting broader adoption and greater trust in these ecosystems.

The overall average daily transfer volume for Bitcoin ( $76,245.00 ) across the full data set is approximately $23.26 billion, according to Glassnode.

In recent years, the network has settled an average of $64.03 billion per day over the past 30 days, likely due to strong institutional flows, ETF-driven activity, and speculative trading.

Meanwhile, Ethereum ( $2,242.47 ) ’s overall daily transfer volume is approximately $2.53 billion. But its recent 30-day average of the same comes to be at around $5.67 billion.

Total transfer volume reflects real-life usage

Transfer volume is a key onchain metric, showing how much real value is settled daily via blockchain. High volumes, especially when sustained, indicate greater user activity in moving money onchain.

Bitcoin ( $76,245.00 ) and Ethereum ( $2,242.47 ) see consistent activity from custodians, ETFs, and DeFi apps.

In XRP ( $1.22 ) ’s case, however, usage appears concentrated around trading cycles. Despite Ripple’s efforts to promote XRP ( $1.22 ) in cross-border settlements via On-Demand Liquidity (ODL), onchain volumes suggest limited adoption among enterprise users.

However, XRP ( $1.22 ) L has recently introduced tools for stablecoin issuance, tokenization, and EVM compatibility.

Related: Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

In Q4 2024, for instance, the ledger’s Automated Market Maker (AMM) volume increased by 3,100%, reflecting exponential growth in usage.

However, these innovations have yet to generate volume levels comparable to Ethereum ( $2,242.47 ) and Bitcoin ( $76,245.00 ) .

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.