Global XRP product inflows reach $355.3 million in third quarter
Key Facts
Net inflows into globally traded XRP products totaled $355.3 million in the third quarter of 2026, according to Blockworks’ quarterly report page. The report recorded these inflows alongside stablecoin supply on the XRP Ledger topping $1 billion for the first time. The figure puts investment product flows at the forefront of XRP-related developments during the period. But it measures money entering those products, not the token’s use for payments on the network. The available facts also do not establish that ledger asset growth caused the inflows.
At the ledger activity level, average order book trading reached 3.57 million XRP per day in the second quarter of 2026, up 79% from the same period a year earlier, according to data cited by CoinDesk. But the number of accounts initiating these trades fell to about 1,100 per day, from more than 1,860 a year earlier. The comparison shows trading volume rising alongside a decline in the number of accounts engaging in this type of activity. Volume growth alone therefore does not reflect a broader participant base. Account data offer a parallel picture of the development in on-network trading volumes.
Average decentralized exchange trading volume on the ledger reached 4.42 million XRP per day in the second quarter, up about 20% from a year earlier, but down 16% from the first quarter of 2026, according to CoinDesk. These figures put second-quarter activity between two different levels: higher than in the same period a year earlier, and lower than in the previous quarter. This comparison does not concern XRP product flows recorded in the third quarter, but on-network trading volumes in the preceding period. It highlights a divergence between investment products outside the ledger and trading activity within it. The available facts did not include figures for the quarter-on-quarter comparison of third-quarter flows.
Meanwhile, average tokenized assets on the network reached $3.72 billion in the second quarter, after more than doubling from the first quarter and rising to more than 30 times their level a year earlier, according to CoinDesk. Average RLUSD balances were about $539 million, while the value held on the network reached about $4.26 billion. These figures reflect the scale of assets recorded on the ledger during the second quarter, before investment product flows for the third quarter were reported. But they do not establish that growth in tokenized assets or stablecoin balances drove those flows. Stablecoin supply topping $1 billion in the third quarter was a separate development recorded by Blockworks’ report.
Value indicators coincided with declines in some measures of the user base. The average number of accounts transacting on the ledger was about 16,600 per day in the second quarter, down 24% from a year earlier. The number of new accounts also fell by about 25% to 2,800 per day. These figures add context to the rise in order book trading volumes, with the period combining higher daily trading through that book with fewer transacting and new accounts. These measures alone are not enough to establish a unified trajectory for network activity or explain investment product flows.
As for upcoming developments on the network, the lending protocol entered the validators’ final voting stage in the third quarter, according to Blockworks’ report page. The XRP Ledger standard describes the protocol as a project for issuing fixed-term, unsecured loans using pooled funds, while its status remains “Draft.” This indicates that the vote is a step in the proposal process, not evidence that it has been approved or launched. The available facts did not state the vote’s outcome or a subsequent date. In the market, XRP closed at $1.247 on November 2, 2026, according to EL7 data.