Cryptocurrency analytics firm Messari has published its report titled “The State of the XRP Network in Q1 2025.” According to the report, XRP has positively differentiated itself from other major crypto assets in terms of both market capitalization and network activity. While the market value of XRP increased by 2% quarter-on-quarter (QoQ) in the first quarter of 2025, the combined market value of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) decreased by 22% in the same period. RLUSD, the US dollar-pegged stablecoin issued by Ripple, has become the largest stablecoin on the XRP Ledger (XRPL) network with a market cap of $44.2 million. On April 8, Ripple acquired Hidden Road, a global multi-asset prime broker. With this move, Ripple became the first crypto company to acquire such a brokerage. Hidden Road plans to move its post-trade operations to XRPL and use its RLUSD stablecoin as collateral. Related News: Analyst Warns: “Bitcoin's Record High Has No Meaning, Focus on This Level Instead” On March 31, XRPL’s Ethereum Virtual Machine (EVM) compatible sidechain was launched on testnet. The mainnet launch is planned for the second quarter. Additionally, a new roadmap was announced to enable native smart contracts on XRPL. The first step in this process will be the introduction of “Extensions,” a feature that will allow developers to add code to existing XRPL structures. According to the Messari report, all key metrics on XRPL increased for the second consecutive quarter. This is the first time this has happened since Messari began its analysis of the XRP network in 2023. The most notable increase was seen in the average daily active addresses, which increased by 142% to 134,600, indicating growth in both new and existing users. Average daily central order book (CLOB) volume increased 74% to $13.7 million, while automated market maker (AMM) volume decreased 13% to $4.5 million. Payment transactions increased 36% to 1.12 million, following an 8% decline in the previous quarter. New protocols have also been proposed on XRPL that will pave the way for regulatory-compliant enterprise use cases. The “Credentials” feature ensures identity verification (KYC) and anti-money laundering (AML) compliance, while “Permissioned Domains” will allow domains to be created that only users with certain credentials can access. *This is not investment advice. Continue Reading: Anticipated Report on Ripple (XRP) Released: Here’s the Latest on the Network’s Status and Health
