CryptoSlate
XRPL's tracked stablecoin base reached $1.126 billion by Sept. 11 as XRP rebounded 29.7% over 30 days to about $1.32. DEX volume hit $253.1 million in the latest complete 30-day window, up 152.1% from the prior period, while seven-day volume fell 25.4% to $30.6 million. One observed XRP/RLUSD automated market maker held about $4.6 million in reserves, placing that visible pool at a much smaller scale than the ledger's growing dollar base.
Why it matters
DefiLlama's XRPL stablecoin value rose from $921.9 million on Aug. 12 to $1.126 billion on Sept. 11, a 22.2% increase. The pool held 1.724 million XRP and 2.288 million RLUSD at validated ledger 106912297. At nearby prices, its reserves were worth about $4.56 million, or roughly 0.41% of tracked XRPL stablecoin value.
That gap is a scale signal, not proof of all XRPL liquidity or XRP demand. XRPL can auto-bridge issued-token trades through XRP when the route offers a better price, but direct pairs can bypass it. Supply and DEX volume do not reveal which path each trade used or how long XRP was held.
Market impact
The monthly picture is strong, but the latest week cooled: DEX volume fell from $41.1 million to $30.6 million, and XRP declined 8.7% over seven days. The next confirmation would be deeper XRP-linked pools and order books, path-level evidence of XRP-routed flow, and inventory data showing market makers retain XRP rather than recycle it quickly.
The 10-drop minimum fee, equal to 0.00001 XRP, is destroyed but is only a tiny fraction of a cent at the observed price. XRPL has a larger stablecoin and trading base; sustained XRP demand remains a liquidity question, not an established outcome.
Frequently asked questions
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How much did XRPL's 30-day DEX volume increase?
It reached $253.1 million, up 152.1% from the preceding 30-day period.
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Did the latest week match XRPL's monthly DEX growth?
No. Seven-day volume fell 25.4%, from $41.1 million to $30.6 million.
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What did the observed XRP/RLUSD pool hold at ledger 106912297?
It held about 1.724 million XRP and 2.288 million RLUSD, with combined reserves worth about $4.56 million at nearby prices.
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How can XRPL trades create demand for XRP?
XRPL can auto-bridge issued-token trades through XRP when that route offers a better price. Direct pairs can bypass the bridge.
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What evidence would confirm durable XRP value capture?
Deeper XRP-linked pools and order books, path-level evidence of XRP-routed flow, and inventory data showing market makers retain XRP rather than recycle it quickly would strengthen the case.
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