XRPL order-book trading averaged 3.57 million XRP a day in Q2 2026, up 79% from 1.99 million XRP a day a year earlier. The increase is notable because the number of accounts initiating those trades fell 40% over the same period, to 1,111 a day from 1,864, according to data reported by CoinDesk and crypto.news.
The Q2 readings point to order-book activity being carried by fewer participating accounts than in Q2 2025. The verified data table below details the year-over-year changes.
Data Snapshot
| Metric | Current | Previous | Change | Period | As of | Source |
|---|---|---|---|---|---|---|
| Average daily XRPL order-book volume | 3.57 million XRP a day | 1.99 million XRP a day | up 79% from a year earlier | Q2 2026 compared with Q2 2025 | 2026-09-05 | CoinDesk |
| Daily accounts initiating order-book trades | 1,111 a day | 1,864 a day | fell 40% over the same period | Q2 2026 compared with Q2 2025 | 2026-09-05 | crypto.news |
| Average XRP traded per account each day | 3,217 XRP | 1,072 XRP | nearly tripled | Q2 2026 compared with Q2 2025 | 2026-09-05 | CoinDesk |
| Assets XRP changed hands against on the order book | about 319 a day | 480 a day | down 18% on the year | Q2 2026 compared with Q2 2025 | 2026-09-05 | CoinDesk |
Larger activity per trading account
The diverging volume and account counts are reconciled by the amount traded by each participating account. Average XRP traded per account each day rose to 3,217 XRP in Q2 2026, from 1,072 XRP in Q2 2025—an increase that nearly tripled the per-account figure.
Total average daily order-book volume captures all XRP traded on the order book; that measure captures the average activity associated with each participating account. The figures show a 79% rise in daily volume even as daily accounts initiating trades fell from 1,864 to 1,111.
CoinDesk characterized the quarter as one in which fewer active accounts made bigger trades. The reported figures, however, do not identify the types of participants behind that shift or explain what drove individual account trading sizes.
Assets traded against XRP at a six-quarter low
Order-book activity also narrowed across the assets changing hands against XRP. The daily number fell to about 319 in Q2 2026 from 480 a year earlier, a decline reported as 18% on the year.
The Q2 2026 reading was the lowest in the six quarters covered by the report. It sits alongside the higher overall XRP volume and the lower account count, indicating that increased trading was concentrated in a smaller set of participating accounts and assets than a year earlier.
The quarter’s clearest numerical contrast remains the change in activity per account: average daily order-book volume reached 3.57 million XRP, while average XRP traded per participating account each day reached 3,217 XRP. Both rose from Q2 2025 levels despite the 40% decline in accounts initiating trades.
