XRP Ledger Payment Volume Jumps 119.6% to 770.6 Million XRP in 24 Hours

Payment volume on the XRP Ledger rose 119.6% in a single day, according to on-chain data from the blockchain explorer XRPScan, with the latest 24-hour reading reaching 770.6 million XRP.

The figure lands well above the ledger's 30-day average of 601.9 million XRP and marks the first clear rebound after weeks of shrinking activity on the network. Because the metric is compiled over 24-hour windows, the 30-day average serves as the baseline for judging whether any single day's activity is elevated relative to recent norms.

Payment volume is an on-chain metric that tracks the total amount of XRP moved through payment transactions on the ledger over a given period. It is commonly used to assess how actively the network is being used for transfers, independent of market prices. Unlike exchange trading volume, it counts transfers recorded directly on the ledger rather than trades executed on trading venues.

The XRP Ledger is an open-source blockchain that went live in 2012 and uses XRP as its native digital asset. The network relies on a consensus protocol among independent validators rather than proof-of-work mining, a design intended to settle transactions within seconds at low cost.

The latest reading was recorded by XRPScan, a blockchain explorer for the XRP Ledger. Subsequent daily readings there will show whether activity holds above the 30-day average or reverts toward it.

This article was first published on COINOTAG on October 23, 2026: https://en.coinotag.com/xrp-ledger-payment-volume-jumps-119-6-percent-770-6-million