Analysis says Ripple’s dollar stablecoin RLUSD is working to expand XRP-linked transactions rather than pushing XRP aside. Evernode, introduced as an independent treasury manager for XRP, said on-chain data shows RLUSD and XRP are not competitors but split roles. It said 52 percent of RLUSD volume now circulates on the XRP Ledger, up from 17 percent in April. Evernode said RLUSD provides a dollar value for payments while XRP remains a bridge asset.

Solana\'s SOL rebounded in a day from a low of $64 to $72, but total value locked and decentralised exchange volumes continued to slow. Cointelegraph said the rebound was influenced by a surge in tokenised stock trading on the Solana network, with 24-hour volume topping $113 million on Jupiter. On-chain indicators were mixed, while DApp revenue and weekly DEX volume fell. Derivatives funding rates rose, and some investors priced in airdrop expectations.