XRP's Productive Week: 120 TPS Flex, 9M RLUSD Minted, and Holders Dumping Exchange Bags

The XRP ecosystem apparently decided that "move fast and break things" should apply to itself this week—busy on multiple fronts like a DeFi degens checking five different gas trackers simultaneously.

The XRP Ledger flexed some serious muscle over the past few days. XRPL validator Vet reported sustained throughput exceeding 120 transactions per second, with blocks processing 600–700 transactions each. Plot twist: most of this activity is DEX offer cancellations—traders frantically adjusting positions rather than opening new ones. Vet generously called it a "great test for the network," which is validator-speak for "this thing didn't catch fire, so we're calling it a win." The implication being that when the bull market arrives and volumes compound, devs now have actual time to optimize and get the Unique Node List ready for prime time.

Meanwhile, Ripple minted 9 million RLUSD on the XRP Ledger in the last 24 hours—split between 4 million and 5 million transactions. But here's the part that has the community squinting: while 9 million RLUSD was minted on XRPL, over 10 million RLUSD was burned on Ethereum. That supply rebalancing between chains has crypto Twitter doing the math and raising eyebrows like they just caught someone cheating at Uno. RLUSD's total supply sits at 1.41 billion, with the bulk still on Ethereum because apparently some things just refuse to leave home. Ripple's also piloting the stablecoin in Singapore's MAS BLOOM sandbox for cross-border trade payments—because of course they are, and because Singapore apparently has very specific sandbox tourism.

On the $XRP side, exchange reserves dropped to 2.75 billion—the lowest in recent memory. This historically bullish signal suggests holders are moving tokens to cold storage faster than they're moving to buy the dip. The price responded with a modest 0.23% bounce to $1.33, which is the crypto equivalent of a participation trophy.

Institutional demand, meanwhile, is apparently still hitting snooze. XRP ETFs have recorded little to no new capital this month and are on track for their first monthly outflow since launch—because institutional investors apparently have the same relationship with XRP as they do with morning meetings.

So we've got a network stress-testing itself, stablecoin supply shuffling between chains like crypto tourists, and holders voluntarily draining exchange liquidity. Cynics might say none of this moved the price—and Vet would probably just shrug, pull up the live transaction flow, and say, "That's it, lol."