{"id":20216,"date":"2025-04-02T13:02:49","date_gmt":"2025-04-02T13:02:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20216"},"modified":"2025-04-02T13:02:49","modified_gmt":"2025-04-02T13:02:49","slug":"how-many-us-dollars-does-xrp-transfer-per-day","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20216","title":{"rendered":"How many US dollars does XRP transfer per day?"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWYxM2YtZTNkNy03MDJhLWI3ODMtNDgyNTk0MzRkYjRl.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWYxM2YtZTNkNy03MDJhLWI3ODMtNDgyNTk0MzRkYjRl.jpg\" alt=\"How many US dollars does XRP transfer per day?\"><\/p>\n<p>XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/xrp-price-index\">XRP<\/a>), the native cryptocurrency of the XRP Ledger (XRPL), 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\u2019s examine.<\/p>\n<h2>XRP volumes have risen since Trump\u2019s reelection<\/h2>\n<p>Based on <a data-ct-non-breakable=\"null\" href=\"https:\/\/studio.glassnode.com\/charts\/transactions.TransfersVolumeMean?a=XRP&amp;c=usd&amp;chartStyle=line&amp;ema=0&amp;mAvg=30&amp;mMedian=0&amp;s=1610315726&amp;subset=aggregated&amp;u=1743506168&amp;zoom=\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/studio.glassnode.com\/charts\/transactions.TransfersVolumeMean?a=XRP&amp;c=usd&amp;chartStyle=line&amp;ema=0&amp;mAvg=30&amp;mMedian=0&amp;s=1610315726&amp;subset=aggregated&amp;u=1743506168&amp;zoom=\">recent data from Glassnode<\/a>, XRP\u2019s daily transfer volume settled on its blockchain in US dollars frequently ranges between $300 million and $1 billion. <\/p>\n<p>However, since November 2024, when Donald Trump won the US presidential election, XRP has settled an average of $2.28 billion per day, signifying heightened network activity likely fueled by <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/how-high-can-xrp-price-go\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/how-high-can-xrp-price-go\">XRP\u2019s price boom<\/a> in the same period.<\/p>\n<figure><img decoding=\"async\" alt=\"How many US dollars does XRP transfer per day?\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195f535-56db-7c1c-8182-8b922055ed7c\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>XRP total transfer volume. Source: Glassnode<\/em><\/p>\n<\/figcaption><\/figure>\n<p>That said, these spikes don\u2019t necessarily reflect steady adoption or payment activity; instead, they could further be tied to speculative behavior, Ripple-related transfers, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-distribution-hits-record-level-as-the-altcoin-trades-below-3\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/xrp-distribution-hits-record-level-as-the-altcoin-trades-below-3\">whale moves<\/a>, and reshuffling between exchanges. <\/p>\n<h2>Ripple is behind many big XRP transfers<\/h2>\n<p>One important factor behind the spikes in XRP\u2019s daily transfer volume is large token sales by Ripple and its co-founder, Chris Larsen.<\/p>\n<h3>Chris Larsen\u2019s XRP sales (2024\u20132025):<\/h3>\n<ul>\n<li>\n<p>On Sept. 18, he <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/whale_alert\/status\/1835820265550270582\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/whale_alert\/status\/1835820265550270582\">transferred<\/a> 50 million XRP (~$29 million) from a wallet inactive for 11+ years.<\/p>\n<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 \ud83d\udea8  50,000,000 <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> (29,120,312 USD) transferred from Chris Larsen to unknown wallet<a href=\"https:\/\/t.co\/D9iopMqePM\">https:\/\/t.co\/D9iopMqePM<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1835820265550270582?ref_src=twsrc%5Etfw\">September 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<ul>\n<li>\n<p>By early 2025, Larsen <a data-ct-non-breakable=\"null\" href=\"https:\/\/bithomp.com\/en\/account\/chrislarsen\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/bithomp.com\/en\/account\/chrislarsen\">had sold<\/a> over $116 million worth of XRP.<\/p>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<p>These sales reduced XRP reserves on one of his wallets from 500 million to 410 million XRP.<\/p>\n<\/li>\n<li>\n<p>Previously, the SEC <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.sec.gov\/files\/litigation\/complaints\/2020\/comp-pr2020-338.pdf?utm_source=chatgpt.com\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/www.sec.gov\/files\/litigation\/complaints\/2020\/comp-pr2020-338.pdf?utm_source=chatgpt.com\">estimated<\/a> Larsen sold ~$453.69 million worth of XRP between 2017 and 2020.<\/p>\n<\/li>\n<li>\n<p>The 2024\u20132025 sales stand out for their scale and timing during <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-rally-to-3-holds-overtaking-bitcoin-searches-on-google-trends\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/xrp-rally-to-3-holds-overtaking-bitcoin-searches-on-google-trends\">XRP\u2019s rally past $3<\/a>.<\/p>\n<\/li>\n<\/ul>\n<h3>Ripple\u2019s XRP escrow sales (2017\u20132025):<\/h3>\n<ul>\n<li>\n<p>Ripple <a data-ct-non-breakable=\"null\" href=\"https:\/\/xrpl.org\/blog\/2017\/explanation-of-ripples-xrp-escrow\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/xrpl.org\/blog\/2017\/explanation-of-ripples-xrp-escrow\">started<\/a> selling XRP from escrow in 2017, releasing up to 1 billion XRP\/month, often returning unsold tokens.<\/p>\n<\/li>\n<li>\n<p>It <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.cnbc.com\/2018\/01\/24\/ripple-sold-91-point-6-million-of-digital-currency-xrp-last-quarter.html\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/www.cnbc.com\/2018\/01\/24\/ripple-sold-91-point-6-million-of-digital-currency-xrp-last-quarter.html\">sold<\/a> $91.6 million during the cryptocurrency\u2019s 30,000% rally in Q4 2017<\/p>\n<\/li>\n<li>\n<p>In Q3 2018, Ripple <a data-ct-non-breakable=\"null\" href=\"https:\/\/ripple.com\/insights\/q3-2018-xrp-markets-report\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/ripple.com\/insights\/q3-2018-xrp-markets-report\">sold<\/a> $163 million during volatile markets.<\/p>\n<\/li>\n<li>\n<p>In Q2 2019, the firm <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ripple-sold-over-250-million-in-xrp-in-the-second-quarter-of-2019\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/ripple-sold-over-250-million-in-xrp-in-the-second-quarter-of-2019\">sold<\/a> $251 million in XRP, one of its largest sales.<\/p>\n<\/li>\n<li>\n<p>Sales dropped to $1.75M in Q1 2020, likely due to regulatory pressure from the SEC.<\/p>\n<\/li>\n<li>\n<p>Across 2021, around $1.5B were sold, per <a data-ct-non-breakable=\"null\" href=\"https:\/\/ripple.com\/insights\/q4-2021-xrp-markets-report\/\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/ripple.com\/insights\/q4-2021-xrp-markets-report\/\">Ripple\u2019s reports<\/a>.<\/p>\n<\/li>\n<li>\n<p>This suggests that Ripple tends to ramp up sales during bullish periods and scale back during XRP price downtrends.<\/p>\n<\/li>\n<\/ul>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ripple-act-own-interest-selling-xrp-ripple-cto\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/ripple-act-own-interest-selling-xrp-ripple-cto\"><em><strong>Ripple \u2018should act in its own interest\u2019 when selling XRP \u2014 Ripple CTO<\/strong><\/em><\/a><\/p>\n<p>In 2017, Ripple locked 55 billion XRP\u2014the majority of the total supply\u2014into a series of escrow contracts. Each contract held 1 billion XRP, set to be released monthly over 55 months.<\/p>\n<p>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.<\/p>\n<p>During active sale periods, these movements could result in noticeable spikes in total transfer volume, especially when paired with high speculative interest.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12 \ud83d\udd12  370,000,000 <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> (778,259,699 USD) locked in escrow at <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\">#Ripple<\/a><a href=\"https:\/\/t.co\/Rk079yzgNf\">https:\/\/t.co\/Rk079yzgNf<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1907275176921768167?ref_src=twsrc%5Etfw\">April 2, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin and Ethereum outperform XRP overall<\/h2>\n<p>Bitcoin and Ethereum continue to dominate XRP in terms of daily transfer volume, highlighting broader adoption and greater trust in these ecosystems.<\/p>\n<p>The overall average daily transfer volume for Bitcoin across the full data set is approximately $23.26 billion, according to Glassnode. <\/p>\n<figure><img decoding=\"async\" alt=\"How many US dollars does XRP transfer per day?\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195f55c-b451-7dce-84ff-69b4713a3c33\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Bitcoin total transfer volume. Source: Glassnode<\/em><\/p>\n<\/figcaption><\/figure>\n<p>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,\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-etf-inflows-rebound-ethereum-outflows-continue\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">ETF-driven activity,<\/a>\u00a0and speculative trading.<\/p>\n<p>Meanwhile, Ethereum&#8217;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.<\/p>\n<figure><img decoding=\"async\" alt=\"How many US dollars does XRP transfer per day?\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195f561-59e9-7ad0-9ba9-1dfe9b30b207\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Ethereum total transfer volume. Source: Glassnode<\/em><\/p>\n<\/figcaption><\/figure>\n<h2>Total transfer volume reflects real-life usage<\/h2>\n<p>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. <\/p>\n<p>Bitcoin and Ethereum see consistent activity from custodians, ETFs, and DeFi apps.<\/p>\n<p>In XRP\u2019s case, however, usage appears concentrated around trading cycles. Despite Ripple\u2019s efforts to promote <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/solana-vs-ripple-real-world-utility-and-use-cases\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/learn\/articles\/solana-vs-ripple-real-world-utility-and-use-cases\">XRP in cross-border settlements<\/a> via On-Demand Liquidity (ODL), onchain volumes suggest limited adoption among enterprise users.<\/p>\n<p>However, XRPL has recently introduced tools for\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ripple-rlusd-stablecoin-launch-2024\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">stablecoin issuance<\/a>, tokenization, and EVM compatibility. <\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/redemption-arcs-2024-ripple-victory-memecoins-rwa\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/redemption-arcs-2024-ripple-victory-memecoins-rwa\"><em><strong>Redemption arcs of 2024: Ripple\u2019s victory, memecoins\u2019 rise, RWA growth<\/strong><\/em><\/a><\/p>\n<p>In Q4 2024, for instance, the ledger\u2019s Automated Market Maker (AMM) volume <a data-ct-non-breakable=\"null\" href=\"https:\/\/messari.io\/project\/xrp-ledger\/quarterly-reports\/q4-2024\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/messari.io\/project\/xrp-ledger\/quarterly-reports\/q4-2024\">increased<\/a> by 3,100%, reflecting exponential growth in usage.<\/p>\n<figure><img decoding=\"async\" alt=\"How many US dollars does XRP transfer per day?\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195f573-ae34-7730-8321-fc82542a929d\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>XRP Ledger Key Metrics as of Dec. 31, 2024. Source: Messari<\/em><\/p>\n<\/figcaption><\/figure>\n<p>However, these innovations have yet to generate volume levels comparable to Ethereum and Bitcoin.<\/p>\n<p class=\"post-content__disclaimer\" type=\"\">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.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP (XRP), the native cryptocurrency of the XRP Ledger (XRPL), 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\u2019s examine. XRP volumes have risen since Trump\u2019s reelection Based on recent data from Glassnode, XRP\u2019s daily transfer volume [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20216","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20216"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20216\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}