XRP (XRP) Ledger recorded over $1 million in recovered escrow funds alongside record transaction counts on several metrics, signaling a broader uptick in network activity in March 2026.
Recovered Escrow Funds
Adam, the founder of First Ledger — a decentralized exchange built on the XRP Ledger — conducted a full scan of the blockchain to locate escrows whose time conditions had expired but were never finalized. The recovered total came to 750,218 XRP, worth just over $1 million at current prices.
XRPL validator Vet confirmed the figures, noting that the bulk of the locked funds belonged to community members rather than institutions.
Many holders had set time-based locks on their XRP years ago and either forgot the funds existed or did not know how to claim them.
The XRP Ledger's escrow system does not release funds automatically — once a timelock expires, the recipient must submit a specific transaction called an EscrowFinish to collect the funds. If a second deadline then passes without action, the escrow expires entirely; at that point, only a cancellation transaction can return the XRP to the original sender, and funds with no expiration date set can remain locked indefinitely.
First Ledger now runs regular scans to catch eligible escrows as soon as they become claimable.
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Record Network Activity
The escrow recovery coincided with several all-time highs on the network. Deposits into automated market makers reached a record 70,735 on Feb. 28, while AccountSet transactions — used to update account settings without moving funds — hit 114,690 on Mar. 20, the highest single-day count ever recorded.
Error messages tied to insufficient XRP reserves spiked above 370,000 on Mar. 18, the highest reading in three years.
That figure reflects users attempting to place new offers without holding enough XRP to meet minimum balance requirements — a pattern consistent with first-time participants encountering the network's rules.
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