Evernorth said activity on the XRP Ledger rose sharply over the last 12 months, with transactions increasing from 43 million to 71 million. The firm described that as roughly 65% growth in measurable utility across the network. In its post on X, Evernorth tied the increase to companies and financial platforms using the ledger for payment and settlement operations rather than short bursts of speculative activity.
Named contributors behind the transaction jump
According to Evernorth, the rise came from ongoing operational usage by entities moving real funds through the same blockchain infrastructure. The firm identified Bitstamp, RLUSD, Justoken, Braza Bank, and VERT as the largest contributors to transaction growth. Together, they represent exchanges, stablecoin issuers, DeFi platforms, and banking institutions that have been settling transactions on XRP Ledger over the past year.
That mix matters. Evernorth argued that speculative blockchain activity usually appears in brief waves and then slows, while treasury transfers and payment flows generated by institutions tend to produce steadier activity. In this case, the company said the network’s growth held up because those transfers continued throughout the year.
RLUSD and Braza Bank highlight settlement demand
Evernorth said RLUSD’s role pointed to the growing weight of stablecoin settlement in driving transaction counts. Bitstamp continued to add exchange-related settlement flows, while Justoken and VERT contributed recurring onchain activity tied to decentralized finance services. The result was a broader base of usage instead of a single source of demand.
Braza Bank’s participation added a separate signal. Evernorth said the Brazilian bank reflected increasing interest from traditional financial institutions exploring blockchain-based payment infrastructure. The article did not provide a breakdown of the bank’s transaction volume, but it was listed among the main contributors to the increase.
Utility remains a focus as networks compete for institutions
Evernorth also said measurable blockchain utility is still relatively uncommon across the wider digital asset market, even as institutional involvement keeps expanding. In its view, companies transferring real funds often create more predictable blockchain activity than speculative traders, which helps explain why XRP Ledger usage remained stable over the last 12 months.
The figures arrived as blockchain networks compete for institutional adoption in payment and settlement markets. Evernorth pointed to stablecoin infrastructure as an increasingly important part of that contest, since institutions often favor lower-volatility assets for settlement. RLUSD’s growing presence in the XRP ecosystem was presented as part of that shift.