XRPL Upgrade Nears Key Phase as v3.2.0 Adoption Hits 55% Validators

TLDR

Table of Contents

XRP Ledger v3.2.0 adoption reached 55.63% of trusted validators, according to XRPL Explorer data today.
The fixCleanup3_2_0 amendment remains under review, with support still below the activation threshold today.
XRPL real-world assets grew above $4 billion, with more than 500 tokenized products now live.
Spot XRP ETFs recorded eight weeks of inflows, reaching $1.49 billion in cumulative net flows.
Axiology joined Canton as a validator after earlier trials using XRPL technology for settlement.

The XRP Ledger is moving closer to its full xrpld v3.2.0 upgrade as validator adoption rises across the network. XRPL Explorer data shows that 55.63% of trusted validators now run the latest server version. The upgrade comes as the network continues voting on the fixCleanup3_2_0 amendment. The update also arrives while XRPL records rising activity in tokenized real-world assets and institutional products.

XRPL Validator Adoption Moves Past Half of Trusted Set

The latest XRPL Explorer figures show that 84 trusted validators have upgraded to xrpld v3.2.0. That represents 55.63% of the trusted validator set. Network nodes are also moving to the latest release, with 353 nodes now running v3.2.0.

Older versions remain active across the network as migration continues. Version 3.1.3 still runs on 58 validators and 440 nodes. That means a large part of the network has upgraded, while many operators still need to complete migration.

XRPL protocol changes require more than 80% trusted validator support for two straight weeks. Based on the current validator count, the upgrade still needs about 25% more support. Normal nodes usually follow trusted validators once network consensus reaches the required level.

fixCleanup3_2_0 Amendment Remains Under Review

The v3.2.0 release includes infrastructure changes, bug fixes, and developer-focused network updates. One key change is the formal renaming of the main server software from rippled to xrpld. The change falls under the XLS-0095 proposal.

The upgrade also affects configuration paths, server metadata, database folders, and version naming. Validators and node operators must update deployment scripts and related settings. These changes explain why some operators may need more time to complete migration.

The fixCleanup3_2_0 amendment includes security-related fixes for Single Asset Vaults, Lending Protocol, permissioned DEXs, Multi-Purpose Tokens, and permissioned domains. It also adds invariant checks to prevent deleted accounts from leaving ledger artifacts. Amendment support remains near 40%, which is still below the level required for activation.

RWA Growth and ETF Flows Add Market Attention

XRPL activity is also drawing attention from tokenized real-world assets. Evernorth Holdings said tokenized RWAs on XRPL grew from nearly $150 million a year ago to more than $4 billion. The firm said more than 500 products are now live on the network.

JMWH and Ondo Short-Term Government Bond Fund account for nearly $2.5 billion in tokenized value. JPMorgan, Ripple, Mastercard, and Ondo Finance also completed a cross-border tokenized treasury settlement using XRPL technology. Reports said the transaction settled in about four seconds.

Spot XRP ETFs have also recorded steady capital inflows. Evernorth said XRP ETFs reached an eight-week inflow streak, with cumulative net inflows at $1.49 billion. The products recorded $17.19 million in inflows last week, while net assets under management reached $1.05 billion.

Axiology, a Ripple partner built on open-source XRPL code, has also gone live as a validator on Canton. The firm previously piloted delivery-versus-payment trials with the European Central Bank using XRPL technology. The update adds another enterprise-linked development as XRPL operators continue the v3.2.0 migration.

✨ Limited Time Offer