XRP On-Chain Activity Shatters Records - Network Usage Explodes to Unprecedented Levels

XRP's blockchain just hit the gas. Forget whispers—the network's on-chain activity is screaming, surging to levels never seen before. This isn't just a blip; it's a fundamental shift in how the asset is being used.

The Data Doesn't Lie

Metrics tracking transactions and wallet interactions have all painted the same picture: vertical growth. The numbers from the original report confirm a record-shattering surge, indicating a massive influx of real, verifiable activity on the XRP Ledger. It's the kind of organic movement that gets analysts' attention—and separates substance from the usual speculative froth.

What's Fueling the Fire?

While the 'why' is always up for debate, a spike of this magnitude points to utility. Think cross-border settlements finally going live, institutional pilots scaling up, or a major liquidity pool coming online. The network is being stress-tested not by traders, but by actual use cases—a concept still foreign to half the projects in the top 100. It’s a refreshing, if somewhat cynical, reminder that in crypto, real usage often arrives quietly while the hype coins are busy making announcements about their announcements.

Beyond the Price Chart

This surge cuts through the typical market noise. Price can be manipulated; on-chain activity, especially at this scale, is far harder to fake. It signals growing adoption, network health, and a foundation being built that isn't purely reliant on the next influencer pump. For a sector obsessed with short-term gains, it's a powerful argument for long-term value.

The record is broken. Now the market has to decide if it's listening to the chain or just the chatter.

The surge signified increased usage of XRP coins, changing hands between market participants. Recent interest in XRP increased as Ripple received a payment service license in Singapore, as Cryptopolitan reported earlier. 

The metric may reflect whale activity or shifts between wallets. On-chain movements also correlate with potential liquidity inflows, or preparation for more active trading. The spike in on-chain activity follows a relatively subdued period for XRP, coinciding with a stagnant market price. 

XRP shows signs of whales re-entering the market

XRP has been trading in a tight range, currently recovered to $2.17. The asset easily climbs above $2 following downturns, and once again sparks hopes of a recovery. 

In 2025, XRP was mostly pressured by whale selling, while retail absorbed the supply, awaiting a bigger breakout. However, retail was left with underwater assets, once again waiting for months with sideways trading. 

The recent spike in on-chain activity followed data for new whale buying. The shift suggests whales may be re-accumulating XRP at a lower range, preparing for another breakout. 

XRP exchange reserves also deflated in the past two months, from over 3B tokens on Binance, down to 2.6B. There is not yet a supply crunch, but add to the signs of accumulation. Recently, a wave of new wallets bought 77M XRP on the open market in a single day. On-chain reshuffling of XRP wealth also indicates whales repositioning. 

Based on Messari data, XRP mindshare remains at 1.3%, with significant social media presence for a legacy token. Recently, mindshare increased by 22%, showing the on-chain movement coincided with more HYPE around the asset. 

XRP open interest increased in the past two days, from lows of $1.23B up to $1.39B, signaling an expectation of a directional move. 

XRP moves after Firelight liquid staking launch

One of the immediate reasons for a shift in XRP activity was the launch of the Firelight liquid staking protocol. The feature opens up XRP liquid staking, creating a new DeFi token based on XRP reserves. 

Firelight uses Flare Network to bridge XRP and create a new form of liquid staking token. Flare Network has surpassed XRPL in terms of DeFi growth, and will now become one of the venues for XRP usage.

Firelight converts $FXRP, wrapped through @FlareNetworks’ trust-minimized FAssets bridge, into productive security.

Users deposit into a single launch vault for $stXRP and Firelight Points. $stXRP is fully fungible and usable across DEXs, lending, and yield markets on Flare. pic.twitter.com/6cSTaPdA2D

— Firelight (@Firelightfi) November 21, 2025

The liquid staking upgrade is yet to show sustainable adoption. Simple staking brings passive income, but other DeFi use cases for stXRP are riskier and may involve losing the entire stake to liquidation.

XRP was one of the tokens with multiple early passive holders, who expected the asset WOULD be used for fueling a growing distributed ledger. Native DeFi apps on the XRPL network are growing very slowly compared to other chains, with only $73M in value locked.

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