RLUSD Dominates XRPL Stablecoin Market at $1.31B
Ripple USD (RLUSD)
Editor:
Eugene Serbin
Techgaged.com reports that the XRP Ledger has established a stablecoin market capitalization exceeding $1.3 billion. DefiLlama data indicates the total stands at approximately $1.313 billion, with Ripple’s RLUSD capturing 92.98% of this volume. This concentration means roughly nine out of ten stablecoin dollars on the network are tied to a single asset.
Meanwhile, the network’s DeFi total value locked sits much lower at $44.9 million, making the stablecoin pool nearly thirty times larger than locked DeFi capital. Daily transactions on XRPL number around 2.32 million, supported by over 41,000 active addresses. However, decentralized exchange volume remains modest at just under $3 million over 24 hours.
RWA.xyz data shows $1.25 billion in stablecoin market capitalization with more than 81,000 holders. This dominance provides a clear liquidity anchor, allowing integrations to standardize around one asset rather than fragmenting volume. The network now possesses a meaningful dollar-liquidity base relative to its decentralized trading footprint.
How the market reacted
Whalio's own Binance spot order flow for RLUSD, measured when this story was written up on 6 October 2026. Not the outlet's figures.
Whalio spot data shows RLUSD trading at $1.00 with a 24-hour buy ratio of 73.7%, indicating strong sustained demand. This compares to a 4-hour buy ratio of 57.7% and a 1-hour ratio of 46.0%, suggesting that buying pressure has built significantly over the day. The volume delta turned positive at $34.2 million for 24 hours, up from a negative $1.2 million in the last hour. This shift indicates that net buying has outweighed selling for most of the session, with 16 of 24 hours showing net accumulation. The CVD closed at +$17.7 million, confirming that buyers have been in control of the price action. Spot volume reached $72.3 million across 4,385 trades, reflecting active market participation.
The latest daily buy ratio of 39.6% sits at the 19th percentile of the last 267 days, against a median of 52.6% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RLUSD, averaged over the days leading up to the story.
The current 24-hour volume of $72.3 million is 1.65 times the weekly average, marking an unusually active trading day. This volume surge coincides with a 7-day average buy ratio of 66.8%, which is 6.9 points higher than the latest day’s reading. Over the preceding eight days, the coin experienced net buying for seven consecutive days. The total volume delta for that period reached +$122 million, showing consistent accumulation. Despite this heavy volume and buying interest, the price remained flat at 0.0% change over the eight-day period.