XRP Ledger DEX Activity Surpasses 1 Million Transactions in January 2026
Decentralized exchange (DEX) activity on the XRP Ledger has climbed above 1 million transactions, reaching its highest level in more than a year in early January 2026. Recent on-chain data shows this is the first sustained breakout above the 1 million threshold since late 2024.
The increase follows a prolonged period of muted activity throughout most of 2025, when DEX transaction volumes repeatedly failed to hold above that level. Unlike previous attempts, the latest move has remained intact for several consecutive weeks, suggesting a more durable shift in network usage rather than a short-lived spike.
Key On-Chain Activity Metrics
On-chain indicators show that the 14-day moving average of XRP Ledger DEX transactions has risen to approximately 1.014 million, confirming a clean breakout above a level that capped activity for much of last year.
Throughout 2025, transaction volumes frequently approached the 1 million mark but retreated shortly afterward, reinforcing it as a strong resistance zone. The current breakout differs in that activity has not only crossed the threshold but has also remained above it into January 2026.
According to on-chain observers, XRP Ledger DEX usage has now reached a 13-month high, establishing a higher baseline compared with last year’s range-bound performance.
Shift From 2025 Consolidation to 2026 Growth
During 2025, XRP Ledger DEX activity struggled to sustain momentum, with repeated short-lived surges followed by pullbacks. These failures solidified the 1 million transaction level as both a technical and psychological ceiling.
The latest data points to a change in that pattern. Instead of a brief surge, transaction volumes have remained consistently above prior resistance, indicating a possible transition from consolidation toward sustained growth in on-chain usage.
Why It Matters
- Sustained DEX activity is often viewed as a stronger indicator of network health than short-term price movements
- Rising transaction volumes typically reflect genuine user participation and improving liquidity
- Higher DEX usage reinforces the XRP Ledger’s positioning around fast settlement and low transaction costs
In an increasingly competitive decentralized finance landscape, consistent on-chain engagement can play a key role in attracting long-term liquidity and developer interest.
What’s Next for XRP Ledger in 2026
If XRP Ledger maintains DEX transaction volumes above the 1 million level, it could signal a new phase of adoption for its decentralized trading infrastructure. Continued stability at these levels would strengthen the network’s competitive standing within the broader DeFi ecosystem.
While it remains too early to confirm a long-term trend reversal, the durability of the current breakout makes DEX activity an important metric to monitor in the months ahead.
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