The XRP Ledger (XRPL) boasts a theoretical maximum transaction speed of 3,400 transactions per second (TPS). This equates to a staggering 293 million transactions per day.
Practical Speed:
While the theoretical maximum is impressive, the practical speed of XRP transactions varies between 500 to 700 TPS. This is still significantly faster than many other cryptocurrencies and traditional payment systems.
The average processing and confirmation time for XRP transfers is typically 3-5 seconds.
