The XRP Ledger quietly crossed a significant milestone in the first six months of 2026, adding 489,739 new accounts between January 1 and June 30. That pushed the network’s total account count from 7,913,554 to 8,403,293, and by July active accounts had climbed past 8.42 million.
What’s actually driving the growth
Ripple’s RLUSD stablecoin, which runs natively on the XRP Ledger, saw its circulating supply on the network grow to approximately $873 million in the first half of the year. Every RLUSD transaction settles in XRP fees, meaning more stablecoin volume creates structural demand for XRP as a utility token.
According to Messari, XRPL transaction volume exceeded 35% growth quarter-over-quarter in Q1 2026.
XRP held on exchanges fell to a seven-year low of 2.748 billion tokens, a signal that holders are moving assets into self-custody or longer-term positions. Spot ETF inflows for XRP reached $1.5 billion on a cumulative basis.
