By Isaac • September 5, 2026 11:21 am •
The XRP Ledger is handling more order-book volume than it did a year ago. The surprising part is how few accounts are driving it.
Average daily order-book volume climbed 79% year over year to 3.57 million XRP during the second quarter of 2026, while the number of accounts initiating those trades fell about 40%.
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CoinDesk reported that daily order-book participants declined from 1,864 to 1,111. With more volume moving through fewer accounts, average activity per participating account nearly tripled from 1,072 XRP to 3,217 XRP per day.
The figures cover the second quarter, the three months through June, and compare the result with the same period in 2025. That longer window makes the divergence more meaningful
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