XRP edges out Ethereum in Coinbase transaction revenue as token shifts persist

In Q2, XRP generated 13% of Coinbase’s consumer transaction revenue, ahead of Ethereum’s 12%. This represents an increase from Q1, attributed to legal clarity regarding XRP’s status, which heightened retail interest.

While XRP’s trading volumes declined, Ethereum regained momentum with 38% returns in Q2, largely fueled by institutional inflows and enhanced DeFi activity.