The XRP Ledger (XRPL) is gaining momentum heading into 2025, posting strong performance metrics and taking strategic steps toward institutional adoption.
One of the most notable developments of Q1 was Ripple’s acquisition of global prime broker Hidden Road, a move widely seen as a catalyst for expanding XRP Ledger’s DeFi and institutional finance capabilities.
Key Q1 Highlights
RLUSD Market Cap Soars: RLUSD on the XRP Ledger surged 304% quarter-over-quarter, reaching a $44.2 million market cap as of March 31, 2025, according to data from RWA.xyz and Messari. This growth highlights rising stablecoin demand on the chain and improving utility.
User Activity Surges: Daily active addresses on XRPL increased by 142%, reflecting a significant uptick in user engagement and wallet activity.
CLOB Volume Climbs: Central Limit Order Book (CLOB) trading volume rose 74% on average per day, pointing to increased market participation and deeper liquidity.
Strategic Moves Toward Institutional Adoption
Ripple’s acquisition of Hidden Road, a major prime brokerage servicing hedge funds and asset managers, is expected to open the doors for more institutional capital and DeFi infrastructure to be built directly on the XRP Ledger. This aligns with Ripple’s broader vision to transform XRPL into a high-performance, enterprise-grade blockchainsupporting tokenized assets and financial products.
Looking Ahead
With soaring RLUSD growth, expanding daily activity, and strategic acquisitions, XRP Ledger is positioning itself not only as a foundational layer for decentralized finance but also as a serious contender in the race for institutional blockchain adoption.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-ledger-q1-update-rlusd-surges-hidden-road-acquisition-signals-institutional-pivot/