The XRP Ledger (XRPL) accounted for the largest share of activity as Ripple’s RLUSD stablecoin reached a new all-time high in weekly volume across its supported networks.
Notably, the milestone confirms the growing level of RLUSD activity on the XRPL despite Ethereum holding a much larger share of the stablecoin’s circulating supply.
RLUSD Records Its Highest Weekly Volume Since Launch
Data shows that RLUSD’s combined weekly volume across the XRP Ledger and Ethereum reached $11.716 billion in the week ending November 1, 2026.
This marks the highest weekly volume the stablecoin has recorded since its launch in December 2024. It also breaks the previous record of $8.285 billion, which RLUSD recorded in the week ending October 25, 2026.
Interestingly, the XRPL accounted for most of this activity. Of the total $11.716 billion in weekly RLUSD volume, the XRP Ledger recorded $6.699 billion, representing approximately 57%. Ethereum, meanwhile, handled $5.017 billion, accounting for 42.82% of the total.
The result is particularly noteworthy because Ethereum holds a larger portion of RLUSD’s circulating supply.
For context, the XRP Ledger currently holds $860.6 million worth of RLUSD, representing just 32.3% of the stablecoin’s circulating supply. Ethereum boasts approximately $1.797 billion, giving it a 67.62% share of the supply.
XRPL Records Monthly Volume Lead Over Ethereum
The latest weekly record follows another strong performance by the XRP Ledger in October 2026. Previous reports from The Crypto Basic revealed that the network also processed more monthly RLUSD transfer volume than Ethereum during that period.
Specifically, the XRPL recorded $20.056 billion in RLUSD transfer volume in October 2026, while Ethereum processed $15.449 billion. This marked the third month since RLUSD launched that the XRP Ledger recorded higher monthly volume than Ethereum.
The first instance occurred in April 2025, when the XRPL recorded $1.333 billion in volume, slightly ahead of Ethereum’s $1.330 billion. The second came in July 2026, when the XRP Ledger processed $8.416 billion, compared with Ethereum’s $7.361 billion.
Ethereum has maintained the lead in monthly RLUSD volume during every other month since the stablecoin’s launch.
However, October’s figures are worth noting because the gap between the two networks was wider than in the previous two months when the XRPL took the lead. It remains unclear whether this change will continue in the coming months.
RLUSD DEX Trading Volume Remains Strong
Besides on-chain transfer activity, RLUSD has also recorded higher decentralized exchange (DEX) trading volume since late August 2026.
Weekly DEX trading volume reached a new high of $596.2 million in the week ending Aug. 30, 2026. Although activity dropped after reaching this level, weekly volume has remained above $70 million for the past ten weeks.
This is still well above RLUSD’s previous weekly average of approximately $15 million. Trading activity has also picked up in recent weeks, with weekly volume rising above $200 million during this period.
Over the last three weeks, RLUSD recorded DEX trading volumes of $321.238 million, $317.351 million, and $444.782 million, respectively. Since its launch, RLUSD has recorded a total DEX trading volume of $4.7 billion.