The $15 Billion Payment Layer Behind XRP ETFs
How much payment volume does XRP process? XRPL processes $15 billion in payment volume with daily volumes ranging from $400M to $17B. The network handles 900,000-1,000,000 transactions daily with an average payment value of $3,207, indicating institutional and commercial usage rather than retail speculation.
While headlines focus on XRP ETF inflows, a quiet $15 billion payment layer is being built that may matter more for long-term value creation than short-term price movements.
Key Highlights
- -$15 billion in payment volume processed through XRPL
- -Daily payment volumes ranging from $400M to $17B
- -Average payment value of $3,207 indicates institutional usage
- -RLUSD stablecoin reaching $1.3B in total supply
Beyond Speculation
While ETF inflows represent investment demand, the payment layer represents actual utility. XRPL processes between 900,000 and 1,000,000 transactions daily, with average payment values suggesting institutional and commercial usage rather than retail speculation. This utility provides fundamental value independent of speculative trading.
RLUSD Integration
Ripple's RLUSD stablecoin has reached $1.3 billion in total supply and is being integrated across the payment ecosystem. Pilots with Mastercard, WebBank, and Gemini are testing on-chain settlement via RLUSD. This creates a virtuous cycle where stablecoin usage drives XRPL transaction volume and enhances the overall network value proposition.
What This Means
The distinction between investment demand (ETFs) and utility demand (payments) is crucial for understanding XRP's long-term value proposition. While ETF inflows can be volatile and sentiment-driven, payment utility represents sustainable, growing demand. If Ripple successfully captures even a small percentage of global cross-border payment volume, the utility value could dwarf current speculative interest.