Braza Bank from Brazil remains one of the notable participants due to a large flow of cross-border transfers. VERT, a capital market infrastructure company, demonstrates that the XRP Ledger has long been used for more than just simple transfers. Gradually, it is moving toward more complex financial operations.
How the XRP Ledger Works
XRP Ledger was launched back in 2012 and was originally designed as a network for fast settlements between participants.
Transaction confirmation takes about 3–5 seconds. By comparison, in bitcoin it is about 10 minutes, and in the banking system, transfers can take several days.
See Also: Bitcoin Forms ‘Golden Cross’ on MVRV, Analysts Expect BTC Growth
Fees here are almost negligible, about $0.0002 per transaction. In Ethereum, it heavily depends on network congestion and can reach tens of dollars.
Why Activity Does Not Always Affect Price
Despite the growth in network usage, XRP remains around $1.50. One reason is that a significant portion of operations do not go through the XRP token itself, but through stablecoins.
Currently, about $2.3 billion in tokenized real-world assets are placed on the network, including bonds and money market funds. The US Treasuries segment is growing especially fast, with volume rising from about $50 million to $418 million over the year.
Interest in the ecosystem is also supported by ETFs. By early March 2026, they had attracted about $1.5 billion, and there were no significant outflows in the first month. At the same time, network activity tripled, from 1 million to nearly 3 million transactions per day.
XRPL is now among the fastest-growing networks in the RWA segment. In terms of volume, it lags only behind Arbitrum, but surpasses Solana and Polygon in the value of assets within the network.
According to McKinsey estimates, the tokenized asset market could grow to $2 trillion by 2030, and some forecasts predict $16 trillion.
See Also: Solana ETFs Attract Most Since February, Market Awaits SOL at $120
Against this backdrop, more infrastructure initiatives are emerging around XRPL. For example, Archax plans to place up to $1 billion in assets on the network by 2026.
What Is Holding Back XRP Growth
At the same time, an important issue remains—regulation. The network has participant checks, and access to DEX is limited to verified users.
For banks, this is a plus: fewer risks and easier compliance. But the flip side is that not all activity translates into direct demand for XRP.
And that is why analysts emphasize: sustainable growth is only possible when XRP begins to be used not just as infrastructure, but as the main settlement asset.
Currently, most tokens are concentrated among a limited number of holders and hardly circulate, so the impact of activity on price remains limited.
