Insights

XRPL Ecosystem Guide

Hundreds of apps build on the XRP Ledger, but they share one exchange, one set of tokens and one NFT standard, so an app is mostly a way in. This map is drawn from what happens on the ledger: where trades are placed, where NFTs sell and where tokens are launched.

Where trades are placed

Xaman logoXaman1.64M XRP
Magnetic logoMagnetic772K XRP
FirstLedger logoFirstLedger460K XRP
XPMarket logoXPMarket365K XRP
XRPL.to logoXRPL.to75K XRP
SPYDEX logoSPYDEX67K XRP
Horizon logoHorizon61K XRP
BIDDS logoBIDDS53K XRP
Trading volume in the last 7 days by app, of 3.69M XRP traded by apps that tag their transactions. Every one of them trades on the ledger’s same exchange; how they differ is fees and design (exchanges compared).

Where NFTs sell

xrp.cafe logoxrp.cafe98.5% · 1,809 sales
Direct1.3% · 43 sales
BIDDS logoBIDDS0.07% · 13 sales
XPMarket logoXPMarket0.03% · 21 sales
Share of NFT sales volume in the last 7 days. “Direct” is sales between two accounts with no marketplace in between. Live: NFT collections.

Where tokens are launched

FirstLedger logoFirstLedger16,687 tokens
XPMarket logoXPMarket1,519 tokens
Magnetic X logoMagnetic X1,303 tokens
Horizon logoHorizon150 tokens
xrpl.to logoxrpl.to57 tokens
xrp.fun54 tokens
MoonValve45 tokens
aigent.run44 tokens
Tokens listed on xrpl.to by the launchpad that issued them. On any given day most of them do not trade at all (what to check).

Everything else, and where to read about it

  • Money: RLUSD, USDC and the older gateway dollars, with live supply (the ledger’s built-in finance).
  • Wallets: phone, browser and hardware, compared on what each actually supports (wallet guide).
  • Bridges: tokens from other chains arrive through Axelar; their price gap is tracked live (bridge premium tracker).
  • Other networks: the XRPL EVM sidechain runs Ethereum-style contracts; Xahau is a separate network with Hooks.
  • Building: libraries for every major language and the APIs to read the ledger (developer resources).

Questions

What is the XRP Ledger ecosystem?
The apps, tokens, NFT marketplaces, wallets and services built on the XRP Ledger. They share one built-in exchange and one NFT standard, so an app is mostly a way into the same ledger.
Which apps are most used on the XRP Ledger?
By the last 7 days of trading volume: Xaman, Magnetic, FirstLedger. The ranking changes week to week.
Does the XRP Ledger have smart contracts?
Not general-purpose ones on the main ledger: its exchange, pools and escrow are protocol features. Contracts run on the XRPL EVM sidechain and on Xahau, a separate network with Hooks.