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XRP Ledger Under Fire: Just 110 Wallets Drive 99.6% of RLUSD Payments

TL;DR Just 110 wallets accounted for 99.6% of RLUSD payments on the XRP Ledger over 30 days, processing nearly 7.8 million transactions worth only $7,722. Automated transfers represented 45.6% of the network’s…

By DeFi Tools Guide Editorial Team · Published Oct 20, 2026, 3:20 PM UTC · Updated 2026-10-20 · Risk level: medium
Sources checked: Oct 20, 2026, 8:28 PM UTC

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What happened

TL;DR Just 110 wallets accounted for 99.6% of RLUSD payments on the XRP Ledger over 30 days, processing nearly 7.8 million transactions worth only $7,722. Automated transfers represented 45.6% of the network’s account-to-account payments during one week, complicating efforts to measure organic adoption.

Reported details

  • Bitquery’s September 19–October 18 study separates automated counts from billions in larger transfers, including issuer flows. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Why this matters

Whether XRP Ledger Under Fire reaches the custody and settlement layer depends on what it actually names. If it points at a custodian, a redemption term or a withdrawal rule, that is the layer where exposure lives, and the name and its timing are the parts worth checking. If it names none of those, this angle simply does not apply here, and reading custody risk into it would be an assumption rather than a finding.

Evidence boundary

On XRP Ledger Under Fire, the scope is limited to what the linked 2 reports state, and where they diverge both positions are recorded without either being picked in advance; the headline figure is what to check first.

What to verify

If XRP Ledger Under Fire names a custodian or a redemption term, check that name and its timing against the operator’s own documentation; if it names neither, there is nothing here to verify on that layer.

Sources and editorial check time

This information is educational and is not financial, legal, or tax advice.

Sources