XRP Radar:
Where All 100 Billion XRP Lives
Tracking all 100 billion XRP: Ripple Escrow, Exchange Holdings, ETFs, DeFi/AMM Pools, Tokenized RWA, and Corporate Treasuries. Prices refresh by the minute; the breakdown below lists each category's source and data date.
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What is XRP Radar?
XRP Radar is a free tool that tracks where all 100 billion XRP lives across ETFs, corporate treasuries, DeFi protocols, RWA tokenization, Ripple escrow, and exchange holdings. Most figures are refreshed daily from primary sources (the XRP Ledger, issuer websites, company filings); a few are static company-reported figures or estimates, labeled as such in the breakdown below.
Ripple Escrow System
Cryptographically locked XRP with scheduled monthly releases
The Monthly Escrow Cycle
The last unlock now on the ledger is Jun 2029 (32 monthly unlocks left), but re-escrows keep pushing that date out. At the measured net release rate of ~300.0M/month, the escrow would take approximately 8+ years to fully deplete. The exact timeline depends on Ripple's usage and market conditions.
Source: On-chain Escrow objects owned by Ripple's escrow accounts, read from the XRP Ledger via rippled (each object counted once, by its owner, at one validated ledger) — not from explorer caches or quarterly reports. Third-party escrow (e.g. the Flare Core Vault) is excluded. Wallet links open XRPSCAN for browsing individual accounts.
Exchange Holdings
XRP held on major cryptocurrency exchanges worldwide
All Exchanges (24)
Note: Exchange holdings are mostly customer deposits pooled in omnibus wallets (cold storage included), plus a few exchange-controlled reserves such as the XRP backing cbXRP and Binance-Peg XRP. Exchanges may hold more XRP in wallets that are not publicly labeled.
Source: balances read from the XRP Ledger (rippled account_info) daily at ~08:00 UTC; wallets attributed to exchanges using XRPSCAN labels. Region is the exchange’s headquarters.
XRP in ETFs & Index Funds
Institutional adoption through regulated investment vehicles
Holdings Breakdown
7 ETFs & index funds now hold 1.19B XRP ($1.78B). This represents 1.188% of the total supply - and growing weekly.
Source: XRP-Insights.com - ETF holdings data aggregated from official issuer reports.
XRP in DeFi
Yield, AMMs, bridges and wrapped XRP across XRPL, Flare and other chains
Sources: Doppler, XRPFi Flare, XRPL AMM, on-chain token supplies for cbXRP (Base) and wXRP. Totals as of Oct 7, 2026 (oldest counted protocol).
Agentic Payments (x402)
AI agents paying for services on the XRP Ledger, in real time
“Recently, nearly a million agent transactions have settled through our XRPL x402 facilitator. More agents, more merchants, and more volume are coming to the XRP Ledger.”
— t54 Labs, operator of the XRPL x402 facilitator (June 2026)
These are sub-cent micropayments — an agent pays per API call or inference. The story here is transaction count, not dollar volume.
How agentic payments work on XRPL
A service replies HTTP 402 Payment Required; the agent pays and retries automatically. The open standard Coinbase revived for machine payments.
t54's facilitator verifies a pre-signed XRPL Payment and submits it — non-custodial, funds move agent → merchant directly, in XRP or RLUSD.
XRPL is a supported x402 chain via t54 (Ripple is a strategic investor & partner). Also a Mastercard Agent Pay launch partner.
Top merchants by agent transactions
Sources: t54 XRPL AI Hub (facilitator operator, live index), XRPL agentic docs, and on-chain settlement via rippled.
Tokenized Real World Assets
Treasuries, private credit, commodities, funds & real estate on XRPL
Two Ways Real-World Assets Use XRPL
Tokens that can leave the issuing platform and move wallet-to-wallet — even with investor whitelists. This is real on-chain float: it settles peer-to-peer, plugs into DeFi, and is the strictest measure of investor adoption. Values are issuer NAV × on-chain supply where we read the ledger automatically; other rows use issuer-reported values, and every asset shows its last-verified date.
Examples: Ondo OUSG, OpenEden TBILL, Guggenheim commercial paper, Dubai property tokens.
Tokens that cannot leave the issuing platform, by design or regulation. Here XRPL works as the system of record — issuance, lifecycle, reconciliation — replacing legacy back-office rails. Values are contracted or appraised notionals, not tradable float, so read them as adoption of XRPL as infrastructure.
Examples: YPF Luz energy, CRX & VERT credit, Mercado Bitcoin receivables, Ctrl Alt diamonds.
How They're Being Used
Tokenized T-bill funds (Ondo OUSG, OpenEden TBILL) let institutions hold yield-bearing treasuries that settle 24/7. XRPL is now the largest chain for OUSG.
Guggenheim has issued Moody’s P-1 rated commercial paper directly on-ledger via Zeconomy, with maturities up to 397 days.
Brazilian platforms (CRX, VERT, Mercado Bitcoin) run the issuance and lifecycle of private credit — agribusiness CRAs, pension FIDCs, consortium quotas — with XRPL as the system of record.
Dubai Land Department property deeds (from AED 2,000), vaulted diamonds, and contracted energy are tokenized for fractional investors, with a regulated secondary market live on Prypco Mint.
Distributed On-Chain (7) — $278M
Transferable tokens held by outside investors; values are on-chain supply × issuer NAV where automated, otherwise issuer-reported. Dates show when each value was last verified.
Fisherman Capital (via Asseto) | Cayman SPC
DL Capital HK (via Asseto) | Hong Kong LPF
Registry / Represented (11) — $4.06B
Platform-locked records; values are contracted or appraised notionals reported by the issuer.
CRX Digital Assets (Cryptum + ArchX/Opea) | Oliveira Trust / Vortx DTVM (per-issuance)
VERT Capital | Brazilian agribusiness + INSS receivables (CVM Res. 175)
Ctrl Alt / Billiton Diamond | Dubai (VARA-regulated)
Mercado Bitcoin | Various (Brazilian consortium administrators, INSS)
Ctrl Alt / Billiton Diamond | Dubai (VARA-regulated)
Ctrl Alt / Billiton Diamond | Dubai (VARA-regulated)
Ctrl Alt / Billiton Diamond | Dubai (VARA-regulated)
Ctrl Alt / Finestar Jewellery & Diamonds | Dubai (VARA-regulated)
18 tokenized assets worth $4.34B are tracked on XRPL. Only $278M of that is freely transferable investor float — the rest is registry-style tokenization where institutions use XRPL as financial infrastructure. Headline numbers elsewhere often blend the two (rwa.xyz counts $4.53B across the full network at issuer-reported valuations), which is why we show them separately.
Sources: XRP Ledger (on-chain), Ripple RLUSD, Ondo Finance, OpenEden, rwa.xyz - issuer pages & validated-ledger reads.
RLUSD Stablecoin
Ripple's enterprise-grade USD stablecoin, issued mainly on XRPL and Ethereum
RLUSD by Chain
Ethereum holds $34.1M more RLUSD than the XRP Ledger
Also deployed on Base, Optimism, Ink, Unichain, XRPL EVM sidechain — small supply, not included in the figures above.
Exchange Listings
Institutional Integrations
Instant 24/7 redemption of tokenized treasury shares for RLUSD
Tokenized T-Bill fund with RLUSD settlement via Securitize
$150M Ripple investment - RLUSD collateral for FX, crypto spot & futures
Round-the-clock account funding via stablecoin rails
Bank of New York Mellon as primary custodian for RLUSD reserves
Swiss-regulated crypto bank offering RLUSD services
DeFi Integrations
Regulatory Approvals
Primary Use Cases
Data Sources: Per-chain supply read live on-chain — XRPL via rippled gateway_balances on the RLUSD issuer, Ethereum via totalSupply() on the RLUSD contract. Cross-checked against rl-tracker.com (matches to <$1M). Reference: RWA.xyz, Ripple.
Corporate Treasuries (DAT)
Companies reporting XRP on their balance sheet (SEC filings)
Active Holdings (1)
Holdings as reported in company filings. A daily on-chain check of identified company wallets can raise a figure but never lower it, because not every custody wallet can be identified on the ledger.
Announced Only (3)
Treasury plans these companies announced that have not been verified as XRP holdings (filings last checked Jul 17, 2026). They are excluded from every total.
1 company reports 473.28M XRP ($670M at $1.42) on its balance sheet. 3 other companies have announced XRP treasury plans that have not been verified as holdings; they are not counted.
Sources: Evernorth Holdings - Official company announcements and SEC filings. Company detail: Evernorth (XRPN) XRP holdings.
Data Sources & Methodology
Escrow: Ripple-owned Escrow objects read on-chain, each counted once; third-party escrow such as Flare's FXRP core vault (140M) is excluded. Releases of up to 1B XRP unlock on the 1st of each month; unused portions are re-locked.
Exchange Holdings: Balances of publicly attributed exchange wallets, read on-chain via rippled daily — a floor (unattributed wallets are not counted), not an estimate.
ETF Data: Scraped on business days from each issuer's own website — never third-party aggregators. Each fund keeps the issuer's own as-of date.
RWA & RLUSD: Automated RWA rows are on-chain supply (gateway_balances on the issuer's XRPL address) times issuer NAV; several registry assets use issuer-reported values entered manually, each with its own last-verified date. Values are split into distributed float vs registry notionals. RLUSD combines the XRPL issuer read with the Ethereum contract's totalSupply (small L2 and XRPL EVM supply not included).
Treasuries, Ripple & Founders: Treasury holdings are company-reported in SEC filings; a daily on-chain check of identified wallets can raise but never lower a headline, and announced-but-unverified plans are excluded. Ripple's operational (non-escrow) XRP is a static company-reported figure; founder holdings are estimates.
DeFi: Each protocol's own published data (Flare FAssets, Doppler), XRPL AMM pools via XRPSCAN, and on-chain token supplies for wrapped XRP (cbXRP, wXRP) — aggregators are never used.
Where All 100 Billion XRP Is — Breakdown by Source
USD values at $1.42 per XRP (price as of ). Each row shows where its number comes from and the date of its data: on-chain reads of the XRP Ledger (rippled), issuer websites, company reports, or labeled estimates. Other Circulating is the remainder after every other row, so it inherits the oldest input, and any XRP counted in two rows is absorbed there rather than added twice.
| Category | XRP | % of 100B | USD Value | Source · data as of |
|---|---|---|---|---|
| Other Circulating | 35.20B | 35.20% | $49.86B | Remainder · oldest input |
| Ripple Escrow | 31.40B | 31.40% | $44.47B | On-chain · |
| Exchange Holdings | 21.98B | 21.98% | $31.12B | On-chain · |
| Ripple Operational | 4.74B | 4.74% | $6.71B | Company-reported (static) · Q3 2024 report |
| Founders | 4.60B | 4.60% | $6.52B | Estimate · |
| ETFs & Index Funds | 1.19B | 1.19% | $1.78B | Issuer websites · (oldest fund) |
| Corporate Treasuries | 473.3M | 0.47% | $670M | Company-reported · SEC filings |
| DeFi / AMM | 403.9M | 0.40% | $594M | Protocol data + on-chain · |
| Burned (fees, permanent) | 14.4M | 0.01% | $20M | On-chain · |
Separately, 18 tokenized real-world assets are tracked on the XRP Ledger: $278 million of distributed tokens (freely transferable investor float) and $4.06 billion of represented registry tokens valued at issuer-reported notionals ($4.34 billion combined; per-asset values last updated between July 3, 2026 and September 29, 2026). Ripple's RLUSD stablecoin has $1.25 billion of supply on the XRP Ledger, out of $2.53 billion across the XRP Ledger and Ethereum (as of ). Both are measured in USD rather than XRP because those tokens represent external assets. For per-fund AUM, holdings, and daily flows, see the full XRP ETF Tracker.
Deep dives: the XRP supply, answered
- XRP Supply Breakdown — circulating vs escrow vs total, by source.
- How Much XRP Is in Escrow? — on-chain escrow total & release schedule.
- How Much XRP Does Ripple Own? — escrow + operational + founders.
How Much XRP Is on Exchanges?
21.98 billion XRP (22.0% of total supply, about $31.12 billion) sits in publicly attributed wallets of 24 tracked exchanges as of .
| Exchange | XRP Held | Share of Tracked | Wallets Tracked |
|---|---|---|---|
| Upbit | 6.41B | 29.2% | 13 |
| Coinbase | 5.84B | 26.6% | 358 |
| Binance | 2.72B | 12.4% | 153 |
| Bithumb | 1.84B | 8.4% | 4 |
| Uphold | 1.76B | 8.0% | 24 |
| bitbank | 574.9M | 2.6% | 2 |
| Coincheck | 553.6M | 2.5% | 2 |
| eToro | 492.8M | 2.2% | 2 |
| Kraken | 479.5M | 2.2% | 12 |
| Crypto.com | 341.1M | 1.6% | 3 |
Plus 14 more exchanges in the interactive tracker above.
How we track exchange wallets (and what we can't see)
We sum the balances of 699 publicly attributed exchange wallets on the XRP Ledger, read daily via rippled. Omnibus and unattributed cold wallets are not included, so this figure is a floor, not a ceiling — unlike aggregator estimates, every wallet we count is attributable, and the per-exchange list above shows exactly what is being summed.
How Much XRP Is in Ripple's Escrow?
31.40 billion XRP (31.4% of the 100 billion total supply, worth $44.47 billion) is locked in on-ledger escrow as of — summed daily from live Escrow objects on the XRP Ledger via rippled.
When is the next escrow unlock?
Ripple's escrow contracts unlock on the 1st of every month — the next release is scheduled for November 1, 2026, making up to 1 billion XRP available. Historically, most of each release is sent straight back into new escrow contracts at the end of the queue; only the portion Ripple actually uses enters circulation. See the full XRP escrow unlock schedule.
Why do sources disagree on the balance?
Widely-cited articles still quote anywhere from 38 to 48 billion XRP in escrow, and some explorers serve cached balances that can run billions high. The number above is not an estimate: it is the sum of every live Escrow object on the ledger at the date shown. Static articles go stale; the ledger does not.
XRP Treasury Companies: Reported Holdings
1 company holds 473.3 million XRP ($670 million at the current price, 0.47% of total supply) on its balance sheet, according to company-reported figures in SEC filings.
| Company | XRP Held | USD Value | Basis |
|---|---|---|---|
| Evernorth Holdings (XRPN) | 473.3M | $670M | Company-reported |
Announced vs actually purchased
Announcements are not holdings. The table above counts only companies whose filings report XRP actually held, at the figure those filings report. Our daily on-chain check of identified company wallets can raise a headline but never lower it, because not every custody wallet can be identified on the ledger. Separately, 3 other companies have announced XRP treasury plans that have not been verified as XRP holdings (filings last checked July 17, 2026); they are excluded from all totals.
Company detail: Evernorth (XRPN) XRP holdings.
XRP Supply — Frequently Asked Questions
How much XRP is in escrow?
31.40 billion XRP (31.4% of the 100 billion total supply, worth about $44.47 billion) is locked in on-ledger escrow as of October 7, 2026. The figure is read daily from live Escrow objects on the XRP Ledger via rippled. Ripple can release up to 1 billion XRP per month from escrow; unused amounts are re-locked at the back of the queue.
How much XRP does Ripple hold?
As of October 7, 2026, Ripple holds approximately 36.14 billion XRP: 31.40 billion XRP locked in escrow, read on-chain from the XRP Ledger, plus 4.74 billion XRP of operational (non-escrow) holdings — a static figure from Ripple's Q3 2024 company report, not a live on-chain read. Co-founders and early executives are estimated to hold roughly 4.60 billion XRP on top of that; those are estimates from public reports, not on-chain totals.
How much XRP do ETFs hold?
US spot XRP ETFs and index funds hold 1.19 billion XRP (about $1.78 billion in assets) across 7 funds, per each issuer's most recently published holdings (dated between September 28, 2026 and October 6, 2026). The largest is Bitwise (XRP) with 420.0 million XRP. Holdings are taken from each issuer's own website, not third-party aggregators.
How much XRP is held on exchanges?
Roughly 21.98 billion XRP (22.0% of total supply, about $31.12 billion) sits in known wallets of 24 exchanges as of October 7, 2026, read on-chain from publicly attributed wallets.
What is XRP's circulating supply?
About 68.59 billion XRP is circulating as of October 7, 2026. That is the fixed 100 billion total supply, minus 31.40 billion XRP locked in escrow, minus about 14.4 million XRP permanently burned as transaction fees — both read on-chain. No new XRP can ever be created. Market-data sites such as CoinMarketCap and CoinGecko use a narrower definition that also subtracts XRP held in Ripple's own non-escrow wallets, so they publish a lower circulating figure.
How much value is tokenized on the XRP Ledger (RWA)?
We track 18 tokenized real-world assets on the XRP Ledger worth $4.34 billion combined, with per-asset values last updated between July 3, 2026 and September 29, 2026. The number that matters is the split: only $278 million is "distributed" value — freely transferable investor float like Ondo OUSG and OpenEden TBILL — while $4.06 billion is "represented": registry tokens for contracted energy, credit, and vault assets that cannot move wallet-to-wallet and are valued at issuer-reported notionals. Several asset values are entered from issuer reports rather than read live from the ledger, which is why each asset carries its own last-verified date. Any single blended RWA headline hides that distinction.
How big is RLUSD, Ripple’s stablecoin?
RLUSD has a supply of about $2.53 billion across the XRP Ledger and Ethereum as of October 7, 2026: $1.25 billion (49%) on the XRP Ledger and $1.28 billion (51%) on Ethereum. Supply is read directly from the XRPL issuer address and the Ethereum token contract. RLUSD is also deployed on Base, Optimism, Ink, Unichain and the XRPL EVM sidechain, where supply is small and not included in these figures.
How much XRP is locked in DeFi?
About 403.9 million XRP ($594 million) is locked across 5 tracked DeFi protocols, bridges and wrapped-XRP products (Flare FAssets, cbXRP (Coinbase), Doppler Finance, wXRP (Hex Trust), XRPL Native AMM) as of October 7, 2026. Each comes from the protocol's own published data or an on-chain token-supply read.
Who owns the most XRP?
Ripple is by far the largest holder with 36.14 billion XRP (on-chain escrow as of October 7, 2026 plus its company-reported Q3 2024 operational holdings). After Ripple: exchanges hold 21.98 billion XRP for their customers, co-founders hold an estimated 4.60 billion XRP, ETFs hold 1.19 billion XRP, and corporate treasuries report 473.3 million XRP.
How many companies hold XRP in their treasury?
1 company holds 473.3 million XRP (about $670 million at the current price) on its balance sheet, according to company-reported figures in SEC filings. Our daily on-chain check of identified company wallets can raise a headline but never lower it, because not every custody wallet can be identified on the ledger.
When does Ripple's escrow unlock?
Ripple's escrow contracts unlock on the 1st of each month, releasing up to 1 billion XRP. Historically most of each release is sent back into new escrow contracts at the end of the queue; only the portion Ripple actually uses enters circulation. The escrow balance is 31.40 billion XRP as of October 7, 2026.
Do XRP ETFs hold real XRP or futures?
US spot XRP ETFs hold real XRP with qualified custodians — 1.19 billion XRP across 7 funds per each issuer's latest published holdings (dated between September 28, 2026 and October 6, 2026). Futures-based XRP products exist separately, but every fund tracked here reports actual XRP holdings on the issuer's own website.
How much XRP has been burned?
About 14.4 million XRP has been permanently destroyed as of October 7, 2026. Every XRP Ledger transaction burns a small fee (currently ~0.00001 XRP), which is subtracted from total supply at the protocol level. Burned XRP can never be recovered or reissued, making XRP's supply slowly deflationary.
How much XRP is lost forever?
An estimated 531.0 million XRP is considered lost or inaccessible — held in wallets with lost keys, blackholed addresses, or long-dormant accounts. This is a manually entered estimate last updated January 22, 2026, not an on-chain measurement; unlike the exact on-chain burn count, it cannot be verified. Lost XRP cannot be recovered or reissued.
Which exchange holds the most XRP?
Upbit holds the most XRP among tracked exchanges, with about 6.41 billion XRP across 13 known wallets as of October 7, 2026. In total, 24 tracked exchanges hold 21.98 billion XRP in publicly attributed wallets.
Which company holds the most XRP?
Evernorth Holdings (XRPN) holds the most XRP of any tracked company, with about 473.3 million XRP ($670 million at the current price) as reported in its SEC filings — a company-reported figure, not an on-chain total. It is currently the only tracked company with reported XRP holdings.
Why do sources disagree on Ripple's escrow balance?
Widely-cited articles still quote anywhere from 38 to 48 billion XRP in Ripple's escrow. The on-chain figure — summed directly from Escrow objects on the XRP Ledger via rippled — is 31.40 billion XRP as of October 7, 2026. Static articles go stale and some explorers serve cached balances; the ledger itself does not.