XRP Ledger trading activity grew significantly in the second quarter, with average daily order-book volume rising 79% year-over-year despite a decline in the number of accounts executing those trades. Average daily trading per account surged to 3,217 XRP from 1,072 XRP a year earlier, while the number of active accounts fell to 1,111 from 1,864. Order-book activity accounted for 81% of on-chain trading during the quarter, compared with 54% a year earlier. The average supply of RLUSD, Ripple’s dollar-pegged stablecoin, on the ledger reached $539 million, up from $73 million a year earlier, with its share of total supply increasing to 34% from 20%. Evernorth, which published the data in its Q2 2026 XRP Liquidity Report, also plans to go public through a merger with Armada Acquisition Corp. II, with a shareholder vote scheduled for September 30.
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