{
  "url": "https://blockindex.ai/coin/xrp",
  "name": "XRP",
  "links": {
    "github": "https://github.com/ripple/rippled",
    "website": "https://xrpl.org/",
    "whitepaper": "https://arxiv.org/pdf/1802.07242.pdf"
  },
  "dScore": 39,
  "market": {
    "priceUsd": 1.1318592605029527,
    "marketCapUsd": 70236282480.20555,
    "volume24hUsd": 1840022084.386658,
    "priceChange7dPct": -0.61312041,
    "priceChange24hPct": -2.90316133
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 100000000000,
    "circulating": 62053900985,
    "circulatingPct": 62.053900985
  },
  "ticker": "XRP",
  "founder": "Jed McCaleb, David Schwartz, Arthur Britto, Ryan Fugger",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:37.25859+00:00",
  "fairLaunch": false,
  "launchYear": 2012,
  "description": "XRP is the native asset of the XRP Ledger (XRPL), a purpose-built, high-throughput, low-fee distributed ledger launched in 2012 to provide near-instant settlement for cross-border payments and enterprise-grade rails for tokenization. The ledger was developed by a small team including Jed McCaleb, David Schwartz and Arthur Britto and early conceptual work from Ryan Fugger. From genesis the entire supply of XRP was created, with a large allocation gifted to Ripple to fund commercial development and ecosystem growth. Over the last decade XRPL has evolved from a payments-focused ledger into a broader settlement fabric supporting on-ledger token issuance, a built-in decentralized orderbook DEX, AMM capabilities via XLS upgrades, and cross-chain interoperability through wrapped assets and bridge integrations. Ripple, the primary commercial organization associated with XRPL, has driven many product initiatives (Liquidity Hub, RLUSD stablecoin, custody partnerships) while the XRPL open-source community and validator operators maintain protocol development and operations.\n\nTechnically, XRPL is an account-based ledger using a federated Byzantine-style consensus (Ripple Protocol Consensus Algorithm) that relies on validator operators and Unique Node List (UNL) coordination rather than proof-of-work or proof-of-stake mining. The ledger delivers very fast settlement (typically 3–5 seconds) and high throughput (protocol-capability figures cited up to ~1,500 TPS in documentation), combined with millibit-level fees that support micropayments and frequent value transfers. rippled (the reference server) and XRPL developer tooling are open-source and maintained on GitHub; ongoing XLS standard work, AMM additions and EVM-sidechain initiatives aim to broaden programmability and DeFi integration without changing the core low-latency settlement properties of the ledger. Key technical differentiators include native token issuance, a built-in on-ledger orderbook DEX, deterministic escrow mechanics for scheduled supply releases, and lightweight settlement primitives for enterprise integration.\n\nIn use, XRP functions as a bridge currency, settlement asset and instrument for on-ledger tokenization. The ecosystem has seen real-world pilots with payment firms and central banks, custodial integrations with exchanges and institutional custody providers, and the emergence of wrapped XRP (wXRP) to enable use in EVM-compatible DeFi environments. Institutional productization accelerated notably in 2024–2025: RLUSD stablecoin launches, regulatory approvals in select jurisdictions, and the emergence of spot ETF flows and custody arrangements expanded market access and liquidity. On-chain metrics in 2025 reflected strong wallet growth, high transactional throughput and periodic spikes of NFT and DeFi activity through cross-chain connectors.\n\nFrom a tokenomics perspective, XRP has a fixed maximum supply of 100,000,000,000 XRP created at genesis. Approximately 80,000,000,000 XRP were allocated to Ripple at launch and a large portion (55,000,000,000) was placed into escrow in 2017 to provide predictable, programmatic releases. Circulating supply figures reported in the supplied materials are ~60.49 billion XRP (~60.49% of max supply). There is no native staking or block reward mechanism. Governance is primarily off-chain and community-driven through XRPL standards (XLS amendments) and validator coordination; Ripple remains an influential commercial steward with identifiable executive leadership. Major risks include regulatory history (notably the 2020 SEC action) and centralization concerns tied to large treasury allocations, while strengths include institutional traction, high performance for payments, and active cross-chain expansion efforts.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "BFT",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 15,
    "governance": 16,
    "nodeDistribution": 3,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}