XRP Ledger Nears 1 Million Daily Transactions With 403,000 Payments Processed
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Key Takeaways
Payments on the XRPL Ledger led all activity at 427,000 on June 16, accounting for more than half of the 769,646 total transactions, while the network averaged 23.49 transactions per second.
DEX offer creation added 243,408 transactions, making decentralized exchange activity the second largest driver of ledger throughput after payments.
The 1 million daily transaction mark remains within reach, with consecutive sessions on June 15 and June 16 running above 750,000 transactions and sustaining TPS above 19.
The XRP Ledger (XRPL) processed 769,646 transactions on June 16, with successful payments reaching 427,000, according to data from XRPScan.
The network is closing in on the 1 million daily transaction mark as throughput across payments, decentralized exchange activity, and account operations continues to climb.
Ledger Activity Holds Steady
Live network throughput reached 23.49 transactions per second at the time of the snapshot, with ledgers closing every 3.82 seconds. Of the 769,646 total transactions recorded, 426,149 were successful.
Payments led all transaction types at 426,927, accounting for more than half of total activity.
The network added 771 new accounts and removed 111, leaving 6,065 active accounts across 8,474 closed ledgers. XRP traded at $1.25 at the time of the snapshot, with cumulative all-time burned fees reaching 14,353,045.03 XRP.
XRP Ledger tops 427,000 daily payments as network closes in on 1 million transactions. | Source: XRP Scan
Individual ledgers in the latest validated batch burned between roughly 0.001 XRP and 0.02 XRP per close, consistent with the network’s low base fee structure. Ledger 104,960,248 recorded the highest single-ledger transaction count in the snapshot window at 131 transactions.
Context: What the Numbers Mean
The June 16 data follows a June 15 session in which the ledger recorded 900,189 total transactions and 403,422 payments, with throughput averaging 19.484 tx/sec across the day.
The step up to 769,646 transactions on June 16, recorded at a higher instantaneous TPS of 23.49, reflects the network running at elevated but stable activity levels across consecutive sessions.
Whether daily transactions cross the 1 million threshold in the near term will depend on whether DEX and payment activity continue building together, or whether one category plateaus while the other drives incremental growth.
Offers and Stablecoin Flows Round Out Activity
Decentralized exchange activity ranked second behind payments. OfferCreate transactions, which power the ledger’s built-in DEX, totaled 358,335, close to 40 percent of all activity for the day. AccountSet transactions reached 22,669, while only four EscrowFinish transactions were recorded, underscoring how thin native escrow use remains compared with payments and exchange traffic.
Cumulative XRP burned through transaction fees stood at 14,352,724.85 XRP, with individual ledgers in the latest batch each burning between roughly 0.002 XRP and 0.22 XRP, consistent with the network’s low base fee.
Ripple Eyes $1 Billion in Revenue Beyond XRP
Ledger throughput is climbing as Ripple pushes deeper into institutional infrastructure beyond the token itself.
CEO Brad Garlinghouse said on Sunday that Ripple expects to end 2026 with a $1 billion annualized revenue run rate, excluding XRP held on the company’s balance sheet. This target follows Ripple’s $1.25 billion acquisition of prime broker Hidden Road in 2025, which clears roughly $3 trillion in volume annually and adds credit, clearing, and prime brokerage services to Ripple’s existing payments business.
💸 #Ripple just set a HUGE goal: $1 BILLION revenue run rate by 2026.
The twist? It doesn't count a single dollar from its $XRP holdings.
CEO Brad Garlinghouse is doubling down on payments, stablecoins & enterprise infrastructure — not token price.
— CCN – Crypto Citizens Network (@CCNCitizens) June 15, 2026
Ripple’s dollar-backed stablecoin, RLUSD, has become a parallel rail alongside XRP’s role as a bridge asset in On-Demand Liquidity corridors. RLUSD’s market capitalization has climbed to roughly $1.72 billion, with more than $18 billion in transfer volume recorded in the first quarter of 2026.
More than 300 financial institutions use RippleNet, Ripple’s payments network, though roughly 40 percent actively settle through ODL using XRP, according to industry estimates published in March.
Whether rising ledger throughput translates into sustained ODL demand for XRP, rather than activity concentrated in DEX offers and stablecoin transfers, is the open question as Ripple’s non-XRP revenue lines scale toward its 2026 target.
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Dr. Guneet Kaur is a senior editor at CCN.com and a Science Fellow at Exponential Science. She is a fintech and blockchain expert with extensive experience in digital finance education, blockchain ecosystems, and cryptocurrency markets. She has worked with global media such as Cointelegraph, as well as education and blockchain platforms, to design and lead strategic content and learning initiatives. As an educator and assessor for top-tier executive programs, she bridges real-world fintech trends with academic insight.
Dr. Kaur is also a published researcher and peer reviewer across fintech and data science journals, including Financial Innovation Journal and International Journal of Big Data Intelligence and Applications. Her work spans data-driven analysis, Web3 innovation, and technical content development. With a strong foundation in both industry and academia, she translates complex financial technologies into practical applications, empowering learners, professionals, and institutions across the rapidly evolving digital finance landscape.
