Ripple’s (CRYPTO: XRP) token has grown to become the sixth-biggest cryptocurrency with a $71 billion market cap and a fully-diluted value (FDV) of $114 billion despite making just a tiny amount of money in fees.
XRP Ledger Has Made Just $119,182 in 2026
Data compiled by DeFi Llama shows that XRP, which powers the XRP Ledger network, has generated just $119,182 this year. It generated $2.35 million in fees last year and $1.41 million in 2024.
In contrast, Tether, which operates the biggest stablecoin, has made $2.5 billion this year. It is followed by Tron (CRYPTO: TRX), Circle Internet Finance and Hyperliquid, which have made $1.2 billion, $1.1 billion and $333 million, respectively.
XRP and Ripple are different entities. Ripple Labs is a fintech company that operates several businesses, including Ripple Prime and Ripple Treasury. It launched Ripple Prime following its acquisition of Hidden Road and introduced Ripple Treasury after acquiring GTreasury. Ripple Labs’ valuation jumped to $50 billion earlier this year.
