Ripple CTO confirms XRP Ledger growth and XBONK exchange partnerships
- Bridget Hubbard
- September 26, 2025
- Legal
- 0 Comments
XRPL Network Growth and Institutional Adoption
David Schwartz, Ripple’s Chief Technology Officer, recently shared some pretty significant numbers about the XRP Ledger’s performance. He confirmed that the network has processed over 63 million ledgers continuously for more than a decade. That’s quite a track record when you think about it. The transaction costs remain remarkably low—just fractions of a penny per transaction—which Schwartz emphasized makes it practical for banks and payment providers.
RippleNet reportedly includes over 100 financial institutions using XRP solutions for cross-border settlements. Names like Santander and Bank of America come up in these discussions. Perhaps more importantly, Schwartz hinted that at least one bank is planning to operate fully on the XRPL, which would represent a meaningful step in institutional adoption.
Regulatory Clarity and Market Position
The regulatory landscape has shifted significantly since Ripple’s settlement with the SEC in March 2025. This clarity appears to have triggered fresh institutional inflows into XRP. Market data shows XRP currently ranked around position 90 by market capitalization, with daily network activity indicating sustained demand through growing wallet numbers and transaction volume.
Schwartz pointed to Ripple USD, a USD-pegged stablecoin, as a key component for liquidity management. It enables smoother transitions between yield-generating assets and stable positions. Meanwhile, the Hooks Amendment is bringing smart contract-like functionality through lightweight WebAssembly modules, currently available on a community testnet.
XBONK Partnerships and Exchange Integration
The XRPL memecoin XBONK has formalized partnerships with several major exchanges including FirstLedger, Bitrue, MEXC, and Gate.io. These integrations are designed to increase accessibility across centralized platforms, which should enhance liquidity for retail users. There’s also talk of potential collaborations with larger entities like Walmart and Binance, though the specifics remain unclear.
XBONK operates with 77 trillion tokens in circulation, leveraging XRPL’s low-cost infrastructure. The combination of institutional adoption through entities like Franklin Templeton—which chose XRPL for securities tokenization—and retail-driven assets like XBONK creates what some might call a dual momentum effect.
Broader Ecosystem Development
What’s interesting here is how these developments complement each other. The institutional implementation of XRP for payment solutions exists alongside the memecoin ecosystem’s growth. Both seem to be driving liquidity and utility in their own ways. The ISO 20022 messaging standards compatibility makes XRPL particularly attractive for international banking requirements, while the lower-level infrastructure supports more speculative and community-driven assets.
It’s not entirely clear how these different use cases will evolve together, but the network effects could be significant if both institutional and retail adoption continue growing. The infrastructure improvements, particularly around smart contract functionality through Hooks, suggest the platform is preparing for more complex applications beyond simple payments and memecoins.
