The XRP Ledger (XRPL) registered a decrease in the transaction volume in May 2025, even while the institutional acceptance of the blockchain network continues to rise.
According to facts XRPL processed more than 50.1 million transactions from XPmarket last month, compared to 54.8 million in April. Despite the decline, active portfolios rose to 278,362, compared to 252,000 in the previous month.
However, this growth did not translate into deeper involvement. Analysts suggest that the rise can include automated portfolios because the average activity per user remained relatively low.
Dapps -Use
Further breakdowns of XPmarket data reveal a relevant trend in the decentralized application (Dapp) involvement.
Xpmarket reported that only about 10% of the active portfolios, around 28,000, had interaction with Dapps in the month, and most of these users who only had one application.
A smaller group of 3,782 portfolios had an interaction with two Dapps, while only 968 was involved with three. The number of ultra users, defined as portfolios who interact with more than three Dapps, rose slightly to 293.
The imbalance between wallet -growth and DAPP engagement indicates automation that plays a greater role in XRPL activity. It also illustrates the challenge of XRPL in promoting long -term, human acceptance -oriented user acceptance.
This pattern reflects an adult but challenged ecosystem, where the acquisition of users increases, but continuing interaction is lagging behind. The trend indicates that although the XRPL wins visibility, the meaningful utility goes beyond the basiansactions for many users remains limited.
NFT and AMM activity is gaining strength
Non -Gunibible token (NFT) and Automated Market Maker (AMM) activity, however, tell a more optimistic story.
According to Xpmarket, NFT Minting rose from 1.76 million in April to 2.56 million in May, which demonstrated the growing interest in making digital assets.
This increase came alongside raised cancellations and burns, a common trend in fast NFT ecosystems.
At the same time, the AMM activity also grew, with more users adding and withdrawing liquidity during the period.
XPmarket remains the dominant platform for the NFT and AMM activity of the ledger, which reflects its role as an important possibilities of user participation in these areas.
Institutional approval
These figures come as an institutional acceptance of the blockchain network is gaining grip.
In May, at least three Stablecoin products, including Eurøp, USDB and XSGD, were introduced in the XRPL ecosystem.
In addition, the Dubai Land Department (DLD) also selected XRPL to provide its real estate disease platform with power, which emphasizes the increasing trust in the infrastructure of the network.
Market observers say that XRPL’s low transaction costs, fast settlement times and regulatory coordination make it a strong option for both traditional settings that are being investigated on blockchain-based settlement solutions.
