Messari Q1 2026: XRPL activity rises as RLUSD hits $340.3M and RWAs reach $2.25B
Messari's State of XRP Q1 2026 report says XRP is gradually moving beyond a payments bridge asset toward broader utility inside an institutional-focused DeFi stack on the XRP Ledger. The report highlights Q1 2026 network growth, including 2.48 million average daily XRPL transactions (+35.3% QoQ), RLUSD market cap of $340.3 million on XRPL (+45% QoQ), and an XRPL RWA market size of $2.25 billion (+124%). It also flags upcoming native lending as a potential on-chain mechanism for lending and borrowing XRP, expanding use cases into credit and collateralized finance.