XRP Ledger payments climbed from about 1M in mid-2025 to nearly 3M daily transactions in early 2026.
On-chain activity is rising despite XRP price pressure and a $551B drop in the global crypto market.
Evernorth plans a Nasdaq listing under XRPN and aims to expand institutional participation in XRP.
Daily transactions on the XRP Ledger have surged in early 2026, approaching three million payments per day despite continued price pressure. According to Evernorth, activity has nearly tripled from roughly one million daily payments recorded in mid-2025. On-chain data from XRPScan shows the network’s payment activity steadily recovering this year.
XRP Ledger Activity Rises Despite Price Pressure
Evernorth reported that XRP Ledger transactions have accelerated sharply in recent weeks. The firm noted that daily payments now approach the three-million mark.
According to Evernorth, the increase highlights growing blockchain usage rather than price-driven speculation. The firm stated that activity often reveals where real adoption develops.
XRPScan data supports this trend. At the start of 2025, daily payments rose from about 1.1 million to nearly 2.5 million by mid-January. However, the growth slowed afterward. Payments fluctuated between 1.3 million and 2.3 million during February and April 2025.
Later in mid-2025, network activity declined further. Daily payments occasionally fell below one million during June and July.
Payment Volumes Recover Through Early 2026
Although activity weakened in late 2025, a gradual recovery followed. During the fourth quarter, daily payments improved slightly but still dipped below one million in December. The trend changed at the beginning of 2026. Network data shows average daily payments ranging between 1.5 million and two million in January.
Recently, the figure crossed 2.7 million transactions for the first time since December 2024. As a result, activity now approaches three million daily payments. Meanwhile, broader market conditions remained difficult for many digital assets.
The global cryptocurrency market cap has fallen by more than $551 billion this year. XRP contributed about $26.39 billion to that decline. The asset currently represents roughly 3.576% of the overall market.
Evernorth Advances Institutional XRP Strategy
At the same time, Evernorth has launched a new institutional initiative tied to the XRP ecosystem. The company announced a business combination agreement with Armada Acquisition Corp II.
After the transaction closes, the combined firm expects to operate under the Evernorth name. The company also plans to trade on Nasdaq under the ticker symbol XRPN. The deal could raise more than $1 billion in gross proceeds.
Investments include $200 million from SBI and additional support from Ripple, Pantera Capital, Kraken, and GSR. Evernorth CEO Asheesh Birla said the company aims to expand institutional participation around XRP.
Ripple CEO Brad Garlinghouse added that Evernorth’s approach aligns with efforts to expand global payment utility. The transaction, approved by both boards, is expected to close in the first quarter of 2026.
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