Famend analytics agency Messari launched an in depth report on the state of the XRP ecosystem within the second quarter of the 12 months.
Report It highlighted the overall development of ecosystems as its use circumstances proceed to realize recognition within the world monetary scene. Specifically, Messari has recognized breakthroughs in infrastructure and programmerity and broader development in XRP and RLUSD market capitalizations.
XRP worth and market capitalization development
Specifically, one of many main highlights was a considerable growth of XRP’s market capitalization. The token’s round market capitalization reached $132 billion within the second quarter of 2025, representing an 8.5% improve from the earlier quarter.
Regardless of the rise in costs and market capitalization, income from transaction charges fell to $680,900 from $1.1 million within the second quarter, primarily as common every day transactions fell from 2 million to 1.6 million. Nonetheless, the XRPL mannequin mentions that revenues don’t prioritize transaction charges.
XRP Ledger Key Metrics OverviewMessari
XRP Ledger Rally’s RLUSD and RWA market capitalization
In the meantime, the Ripple USD (RLUSD) within the XRP ledger additionally noticed quarterly enhancements. Dolpeg’s cryptocurrency market capitalization rose 49.4% to $65.9 million within the second quarter, making it the most important stubcoin within the ledger.
In the meantime, Ethereum’s RLUSD has grown to radiation altitude, transferring from about $200 million to about $390 million. Notable Spike pushed Stubcoin’s valuation to $455.2 million on the finish of the second quarter.
RLUSD market capitalization of XRPL ledger
RLUSD has been rising since then, rising 16.49% to $701.6 million over the previous 30 days. At present, a $85.9 million cap is within the XRP ledger and $615 million is on the Ethereum community.
In one other growth, the market capitalization of the actual world property (RWA) of XRP ledgers elevated by 13% per quarter to $131.6 million. Market Infrastructure Service Suppliersled by Montis Group Restricted (MGL), launched by Ripple and Archax partnership $55.4 million minutes.
Compared, Ondo Quick-Time period US Authorities Bond Fund (OUSG) ranked second within the quantity at $30.1 million.
XRP Ledgermessari’s RWA market capitalization
This highlights efforts to advertise RWA tokenization of XRP ledgers and goals to strengthen its institutional use circumstances. Bear in mind Ripple predicted the tokenization market would attain Estimated to be $18.9 trillion by 2033Bitwise’s Matt Hougan calls XRP The cleanest technique to expose In a quickly rising sector.
Different notable XRP ledger developments
Moreover, there have been different notable developments within the XRP ledger within the second quarter of 2025. When it comes to context, the Ethereum Digital Machine (EVM) Sidechain, launched on the XRP ledger on June thirtieth, is a transfer to fill this system within the ledger mainnet.
The launch got here to a’s heel Ripple and Wormhole Partnership Introducing multi-chain interoperability to XRP ledgers and EVM Sidechain. The combination has enhanced adoption as ledgers can connect with greater than 35 blockchains.
Moreover, XAO DAO debuted as an autonomous XRPL neighborhood group, enhancing decentralized governance. DAO additionally allocates grants for ecosystem growth.
