According to Ledger data, the number of daily transactions<\/strong> on the network has collapsed<\/strong> by more than 70%<\/strong> in just one month. Dropping from over 750,000<\/strong> in early August to just over 221,000<\/strong> on September 8, 2025<\/strong>. This weakness in real activity seriously compromises XRP’s legitimacy as a value transfer tool and questions its role in the crypto<\/a> ecosystem beyond mere speculation.<\/p>\n\n\n The decline in XRP usage can be explained by several factors. First, a decrease in demand for international money transfers<\/strong>, particularly in historical hubs such as Southeast Asia and Latin America. Second, reduced appetite from financial institutions<\/strong> partnering with Ripple<\/a>, whether banks or PSPs (Payment Service Providers). Meanwhile, many players are migrating to more customizable blockchain technologies, such as Stellar<\/a> (XLM) or certain Layer 2 solutions on Ethereum<\/a>. Finally, the lack of incentives to use XRP in new decentralized finance (DeFi) protocols further accentuates this trend.<\/p>\n\n\n\n Based on current data, he appears to be going through an identity crisis. If the cryptocurrency fails to regain real utility through its initial use cases, it risks losing further relevance among major altcoins<\/strong>. Without solid utility metrics<\/strong>, it could only survive as a purely speculative currency<\/strong>, generating very little in-chain added value<\/strong>.<\/p>\n\n\n\n![\"payments](\"https:\/\/u.today\/sites\/default\/files\/inline-images\/clip_nxo289dl.jpg\")
Payment Asset or Speculative Token?<\/h2>\n\n\n\n