XRP Ledger's RLUSD Payments Dominated by Just 110 Wallets
A small group of wallets accounts for nearly all RLUSD transactions on the XRP Ledger, raising questions about decentralization and organic adoption.
A small group of wallets accounts for nearly all RLUSD transactions on the XRP Ledger, raising questions about decentralization and organic adoption. XRP (XRP) is trading at $1.33. This is an original TLT brief synthesising 2 outlets (Crypto Economy, CryptoSlate), plus live market data, as of Tue, 20 Oct 2026 21:45:02 UTC.
The dominance of a tiny number of wallets in RLUSD transactions on the XRP Ledger highlights potential centralization risks and challenges in measuring genuine adoption, especially with significant automated activity influencing network metrics.
- 110 wallets processed 99.6% of RLUSD payments in the past 30 days.
- Automated transfers made up 45.6% of account-to-account payments in one week.
- The network processed nearly 7.8 million transactions worth just $7,722.
- XRP price is up 2.48% in the last 24 hours amid broader market stability.
Crypto Economy and CryptoSlate both report that just 110 wallets accounted for 99.6% of RLUSD payments on the XRP Ledger over 30 days, with CryptoSlate citing Bitquery's September 19-October 18 study. The outlets agree on the 7.8 million transaction count and the $7,722 value, but CryptoSlate emphasizes the separation of automated counts from larger transfers, including issuer flows, which Crypto Economy does not specifically mention. The decline in bot activity coinciding with Cross River Bank's integration is noted by Crypto Economy but not addressed by CryptoSlate.
- Ripple Partners With Privy to Integrate XRP Ledger Wallets Into AI and Stablecoin Payments
- XRP Ledger's RLUSD Payments Dominated by Just 110 Wallets — this brief
A recent analysis of the 
XRP Ledger has revealed that just 110 wallets are responsible for 99.6% of RLUSD payments over the past 30 days. This small group of wallets processed nearly 7.8 million transactions, yet the total value of these transactions was only $7,722, according to data from Bitquery's study from September 19 to October 18.
The study, as reported by CryptoSlate, highlights the significant role of automated transfers on the network, which made up 45.6% of account-to-account payments during one week. This automated activity complicates efforts to accurately measure genuine adoption and organic usage of the XRP Ledger.
The findings come amid broader concerns about the decentralization of the XRP Ledger. While the network is often praised for its speed and efficiency, the dominance of a small number of wallets in RLUSD transactions raises questions about the true level of decentralization and the influence of automated processes on network metrics.
In related news, the River TVL has decreased by 0.8% over the past 7 days, currently standing at $102.98 million, according to DeFiLlama. The RLUSD circulating supply remains at $2.4 billion, unchanged from previous reports.
In the broader market context, the total crypto market cap is at $2.84 trillion, with the overall market showing little movement. 
Bitcoin has seen a 0.96% increase in the last 24 hours, while the Fear & Greed index stands at 55, indicating a state of 'Greed'. XRP itself has experienced a 2.48% increase in the last 24 hours, though it is down 2.71% over the past week.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.33 to $1.33 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,812.36 (about $1.33), up 2.1% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 20, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP Ledger's RLUSD Payments Dominated by Just 110 Wallet — questions & answers
What percentage of RLUSD payments are made by a small group of wallets?
99.6% of RLUSD payments on the XRP Ledger are made by just 110 wallets.
How much of the account-to-account payments are automated?
Automated transfers account for 45.6% of account-to-account payments on the XRP Ledger in one week.
What is the total value of RLUSD transactions processed by these wallets?
The 7.8 million transactions processed by the 110 wallets are worth only $7,722.
How much is 1 XRP worth in naira today?
About ₦1,812.36 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.33. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, CryptoSlate, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.