XRP Ledger Surpasses Ethereum in RLUSD Volume, with $20B in October

The XRP Ledger (XRPL) has overtaken Ethereum in monthly RLUSD transfer volume after recording more than $20 billion in October 2026. This marks a change in the activity between the two networks, with the XRPL processing more RLUSD transfers despite holding a much smaller share of the stablecoin’s total supply. The XRP Ledger recorded $20.056 billion in RLUSD transfer volume in October 2026, surpassing Ethereum’s $15.449 billion. Together, the two networks processed $35.506 billion in RLUSD transfers during the month. Essentially, the XRPL accounted for 56.4% of this volume, while Ethereum contributed 43.6%. What makes this interesting is the difference in RLUSD supply held by both networks. Out of the stablecoin’s total supply of $2.671 billion, Ethereum holds $1.796 billion, representing 67.2%.

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