Welcome to the Ripple Overview. Every month, we dive deep into Ripple, XRP, XRPL, RLUSD and more to bring you the latest on ecosystem developments, updates, metrics, insights and more.
Ripple By The Numbers
$XRP: $1.50 (-31.89%)
XRPL TVL: $50.26M (-37.56%)
XRPL Transactions: 3.57M (+67.6%)
XRPL Unique Active Accounts: 26.43K (+17.10%)
XRP Payment Volume: $449.93M (+82.76%)
These metrics are accurate upon publication. The percentages are based on month-over-month changes, unless noted otherwise.
What Caught Our Eye This Month
Ripple Prime enabled support for Hyperliquid, a decentralized derivatives protocol that lets institutional investors access onchain derivatives via its brokerage platform. The integration enables investors to cross-margin DeFi exposures with traditional asset classes, like foreign exchange, fixed income, OTC swaps, and cleared derivatives.
LMAX Group partnered with Ripple to integrate RLUSD as core collateral across its institutional trading infrastructure, enabling its clients to use RLUSD for cross-collateralization and margin efficiencies across spot crypto, perpetual futures, and CFD trading. Ripple is providing $150 million in financing to support LMAX's growth strategy. The partnership also integrates LMAX Digital with Ripple Prime, offering institutions a way to trade digital assets.
Binance has listed RLUSD for spot trading on Ethereum, and will add support for XRPL soon. The listing includes XRP/RLUSD and RLUSD/USDT trading pairs, portfolio margin eligibility, and the token will be included in Binance Earn. The listing expands the stablecoin's accessibility across major exchanges and deepens liquidity for institutional and retail users globally.
Ripple Rundown
➡️ What happened: Ripple has received the full Electronic Money Institution (EMI) license from Luxembourg's financial regulator, Commission de Surveillance du Secteur Financier (CSSF). The company also received EMI license and Cryptoasset Registration from the UK's Financial Conduct Authority (FCA), marking two major European regulatory approvals in under a month
Meanwhile, Ripple Prime, the company's multi-asset prime brokerage platform, added support for Hyperliquid, a decentralized derivatives protocol, expanding institutional access to onchain liquidity venues.
➡️ Why it matters: The approvals enable Ripple to offer regulated payment services across the European Union and United Kingdom, two of the world's largest financial markets.
Specifically, the EU and UK licenses give Ripple authorization to manage customer funds and provide cross-border payment services using digital assets. These licenses also help Ripple address institutional demand for compliant blockchain infrastructure and digital asset exposure.
The Luxembourg EMI license allows Ripple to provide its services across all 27 EU member states under the region's regulatory framework, enabling financial institutions to access Ripple Payments without requiring separate country-level approvals.
Ripple says its Payments platform has processed over $95 billion in cumulative volume so far, and operates across foreign exchange markets. The platform manages end-to-end fund flows, handling blockchain and operational complexity so institutions can launch digital payment services without having to build any infrastructure themselves.
Separately, the Hyperliquid integration extends Ripple's institutional offering to the decentralized derivatives market. This allows institutions to manage both centralized and decentralized market exposure through a single counterparty relationship with unified risk management, addressing a key operational challenge as institutional participation in DeFi accelerates.
➡️ The big picture: The EU implemented its Markets in Crypto-Assets (MiCA) framework in 2024, creating standardized rules for stablecoins, crypto service providers, and digital asset operations across member states. The UK's FCA has similarly established clear pathways for regulated crypto businesses, including EMI licensing for payment services and cryptoasset registration requirements.
Ripple's European expansion reflects this broader shift toward regulated digital asset infrastructure in major financial centers. The company now holds more than 75 regulatory licenses globally.
Interested in learning more on Ripple? Here’s some updates that caught our eye:
GTreasury acquired Solvexia, a no-code financial automation tool for reconciliation and regulatory reporting
Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong and others spoke about the future of tokenization at the World Economic Forum in Davos
Ripple President Monica Long has predictions for 2026, outlining four institutional adoption drivers
Ripple and UC Berkeley launched the University Digital Asset Xcelerator (UDAX), a six-week accelerator program supporting startups building on XRPL
Follow Ripple and visit their website to explore additional opportunities.
XRP Ledger Developments
Look into the biggest announcements, developments and more happening within the Ripple.
Permissioned Domains and Permissioned DEX amendments are now live on XRPL Mainnet, enabling institutional-grade compliance infrastructure directly on the ledger
XRP Ledger version 3.1.0 is live, introducing Single Asset Vaults and the Lending Protocol, which enables loan brokers to create fixed-term, uncollateralized loans using pooled vault funds
Episode 9 of the Onchain Economy series explains how zero-knowledge proofs can drive breakthroughs in privacy and compute scalability.
Enter The XRPL Community
Want to build on the XRP Ledger? Visit the XRPL learning portal for more info on documentation and tools. Or go further down the rabbit hole:
Tune into XRP Community Day, a global virtual event covering innovation, utility, and growth across the XRP ecosystem.on February 11
In London? Join the XRPL Meetup to network, learn, and connect with community members
Catch you here next time.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.