TREE NEWS reports: According to Blockworks, XRP spot trading volume fell 53% in Q2, while the supply of Ripple’s RLUSD stablecoin surged 257% quarter-over-quarter, indicating a shift in market focus.
Blockworks: Q2 XRP Spot Volume Down 53%, RLUSD Supply Up 257% QoQ
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AI take
The divergence matters more than either number alone: spot activity is draining out of XRP while capital concentrates in Ripple's own stablecoin. That suggests trading interest is migrating toward the settlement and liquidity layer Ripple controls directly, rather than the volatile asset it has long been identified with. Whether RLUSD's expansion keeps pace as XRP spot volume stays subdued is the open question, since the two now appear to be moving in opposite directions within the same ecosystem.
Generated by AI for reference only.
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