Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ripple’s Q1 2025: XRP Spot Volume Surges While On-Chain Activity Drops Sharply
By: beincrypto|2025/05/06 18:00:02
0
Share
XRP, the fourth-largest cryptocurrency by market capitalization, is attracting growing interest from institutional and retail investors in 2025. Ripple’s recently published Q1 2025 XRP Markets Report offers deeper insight into the altcoin’s performance.The report reveals a striking contrast: spot trading volumes surged, while on-chain activity on the XRP Ledger (XRPL) declined significantly.Spot Volume and Investment Flows into XRP Rise SharplyAccording to the report, XRP’s spot trading volume remained steady in Q1 2025, with the average daily volume reaching $3.2 billion across major exchanges.Notably, trading volume spiked at the end of January and early February. It peaked above $16 billion before gradually declining in March. Binance led with around 40% of total volume, followed by Upbit (15%) and Coinbase (12%).XRP Spot Exchange Volume Q1/2025. Source: RippleThe share of USD and USD stablecoin volume traded through fiat pairs rose from 25% in Q4 2024 to 29% in Q1. This increase indicates growing demand for fiat trading. XRP’s price also posted an impressive rally, reaching a peak of $3.40—its highest since January 2018—and outperforming Bitcoin and Ethereum during the same period.XRP-based investment products also attracted strong inflows, with year-to-date totals reaching $214 million, nearly overtaking global Ethereum funds.However, one analyst pointed out daily trading volume has plummeted by more than 86% over the past six months.Daily XRP Trading Volume on Centralized Exchanges. Source: Arkham“XRP volume collapsed from $60 billion in december to under $8 billion now. Retail got flushed out,” crypto analyst Steph said.Despite declining intraday volume, the overall market context in 2025, marked by positive regulatory shifts, has helped XRP maintain its appeal. For example, the SEC officially withdrew its appeal, closing a multi-year lawsuit. Meanwhile, signs of growing institutional confidence include Franklin Templeton filing for an XRP ETF in the US, CME launching XRP futures, and Volatility Shares seeking approval for three XRP ETFs.On-Chain XRP Activity Sees Sharp DeclineIn contrast to the active spot market, on-chain activity on XRPL has dropped significantly.The report shows a 37.06% decline in the number of transactions on XRPL, from 167.7 million in Q4 2024 to 105.5 million in Q1 2025. New wallet creations fell by 40.28%, from 709,545 to 423,727. The amount of XRP burned as transaction fees also declined by 30.89%. Meanwhile, decentralized exchange (DEX) volume dropped by 16.94%, from $1 billion to $832 million.Data from DefiLlama reveals that XRPL’s total value locked (TVL) has remained flat in 2025 at around $80 million. Monthly DEX volume hovered around just $3.3 million, which seems disproportionately low given XRP’s position as the fourth-largest crypto asset by market cap.XRPL TVL and DEX volume. Source: DefiLlamaHowever, the report suggests that Ripple’s acquisition of Hidden Road could help boost XRPL’s on-chain activity.“Ripple acquired Hidden Road for $1.25B — one of the largest M&A deals in crypto history – driving more institutional use cases for RLUSD and XRPL,” the report stated.Ripple’s Q1 2025 report paints a two-sided picture: spot trading volume surged, reflecting investor confidence, while the drop in on-chain activity raises questions about XRPL’s practical usage.The post Ripple’s Q1 2025: XRP Spot Volume Surges While On-Chain Activity Drops Sharply appeared first on BeInCrypto.
You may also like
How to capture the next Alpha in the narrative of predictive markets?
The prediction market is by no means a new casino in the cryptocurrency world, but rather a pricing engine for "event assets" that fills a 400-year gap in financial history: an article that reveals how it will reshape the logic of wealth in the next decade.
"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder
Internal related-party transactions and financial black holes have triggered a crisis of trust, and the valuation logic has completely collapsed in the secondary market.
The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here
Arc is an internal project of Circle. Although it has not publicly raised funds, Circle Ventures launched the Arc Builders Fund (amount undisclosed) to attract investments from over 30 top VC networks in ecological projects.
Oil prices are approaching a critical point. What will happen in mid-April?
Time becomes the deciding factor, and the oil market will take three paths.
The oil price is approaching a critical point, what will happen in mid-April?
Time Becomes a Determining Factor as the Oil Market Takes Three Paths
Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13
MIAU provides a new value paradigm for the industry with its threefold advantages of "FunPlusWeb3 trendy IP ecosystem + mechanism consensus + relative deflation."
Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine
Cryptocurrency has not failed; it has simply targeted the wrong users over the past decade.
Who else cannot be distilled into skill?
Token Hundred Thousand Slaughter Yama
Who else cannot be distilled into skill?
Token Yama of Decimation
The huge shock in the South Korean cryptocurrency market: How should traders view it?
As the contradiction between the institutional capital inflow brought by the new government's "pro-crypto" policy and the tightening of retail infrastructure intensifies, this structural "information asymmetry" in the Korean market will persist for a long time, continuously giving rise to fleeting e...
From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market
Market structure or information gap? — Why does the South Korean crypto market often make global traders "lag behind."
How to Automate Your Workflow with AI (No Code Required)
Let Perplexity Do the Work for You
Conversation with Pantera Founder: Bitcoin Has Reached Escape Velocity, Traditional Assets Are Being Left Behind
BTC still needs 6-8 months to reach its bottom.
Is it still worth buying Circle on the callback?
Can Circle transform from a "stablecoin company that earns interest" into a global digital dollar infrastructure?
BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant
This marks a milestone for BIT in optimizing the large-scale fiat onramp channel and enhancing the asset allocation experience for high-net-worth individuals and institutional clients.
Further Oracle Integration Reveals Polymarket's Ambitions
The expansion of the data source is essentially an expansion of the market radius.
CoinGlass: 2026 Q1 Cryptocurrency Market Share Research Report
In the first quarter of 2026, the overall cryptocurrency market remained highly active, but trading volume gradually declined from the January peak.
Tiger Research: Analysis of the Current Situation of Retail Investors in Nine Major Asian Markets
We analyzed the entry barriers of the largest markets for nine potential user groups in Asia, as well as the responses of exchanges.
How to capture the next Alpha in the narrative of predictive markets?
The prediction market is by no means a new casino in the cryptocurrency world, but rather a pricing engine for "event assets" that fills a 400-year gap in financial history: an article that reveals how it will reshape the logic of wealth in the next decade.
"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder
Internal related-party transactions and financial black holes have triggered a crisis of trust, and the valuation logic has completely collapsed in the secondary market.
The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here
Arc is an internal project of Circle. Although it has not publicly raised funds, Circle Ventures launched the Arc Builders Fund (amount undisclosed) to attract investments from over 30 top VC networks in ecological projects.
Oil prices are approaching a critical point. What will happen in mid-April?
Time becomes the deciding factor, and the oil market will take three paths.
The oil price is approaching a critical point, what will happen in mid-April?
Time Becomes a Determining Factor as the Oil Market Takes Three Paths
Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13
MIAU provides a new value paradigm for the industry with its threefold advantages of "FunPlusWeb3 trendy IP ecosystem + mechanism consensus + relative deflation."
App