XRPL has been bucking the trend. While stablecoins across platforms have been contracting, they’ve been growing on the ledger. RLUSD outstanding is up 39% since May 20, to $934M. Across platforms, there are about 6% fewer stablecoins in circulation than in May when things peaked, roughly $20B less. All this per our analysis of ledger data last week. And on XRPL, it’s moving. In the past 30 days: ~$450M issued on XRP, ~$450M redeemed. Ethereum: $403M issued, $177M redeemed. This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth:

XRPL weekly DEX volume climbs 45% as daily transactions approach 3 million The ledger processed $19.89 million in DEX volume over seven days and 2.96 million transactions in 24 hours, with 48,403 active addresses. Onchain trading still only makes up about 0.04% of ripple:native volume against centralized venues. DeFi TVL sits at $29.97 million, and ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed holds 88% of the chain's $920 million stablecoin supply. Those 2.96 million transactions produced $333 in chain fees over the same period, with app-level fees at $26,874, per DefiLlama data.

📊 XRP Ledger (@XRPLF) stablecoin market cap hit an all-time high of $1B, up 190% year-to-date, led by RLUSD at $894.7M. This milestone follows @Ripple's launch of Ripple Mint, a platform that lets institutions mint, redeem, and bridge RLUSD.

LATEST: 🚨 Tx confirmed its XRPL bridge was exploited on Aug. 9 after an attacker used fake deposits to drain real XRP from its reserve, saying all other bridged assets remain fully backed.

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