XRP Ledger Sees Record Surge in New and Active Wallets
The XRP Ledger has recently experienced a significant surge in new and existing addresses, reaching levels not observed since March. This uptick in activity occurs as XRP undergoes a steep market correction, dropping to $0.57. On-chain data reveals that the XRP Ledger saw the creation of 1,721 new wallets in a single day, the highest […]
XRP Network Activity Soars Despite Decline in New Wallets
Ripple’s latest quarterly report highlights a significant increase in XRP Ledger (XRPL) transactions in Q1 2024. Transactions more than doubled from 121,031,713 in Q4 2023 to 251,397,881 by the end of Q1 2024, a 108% rise. During the same period, the average transaction fee on XRPL saw a substantial reduction, dropping by 45%. In Q4 […]