- The XRP Ledger (XRPL) adds over 11,000 new wallets in 12 days, bringing the total count to 4.812M.
- XRP’s consistent wallet growth hints at underlying network strength and user confidence.
The Uptick in XRP Ledger Wallets
The blockchain community is abuzz with the XRP Ledger’s (XRPL) consistent and remarkable growth. In a short span of 12 days, the XRPL added an impressive 11,637 wallets, taking the total to an astounding 4.812 million. This data, sourced from the community-centric XRP analytics platform Rich-list.info, underlines the burgeoning trust and adoption of XRPL.
Reaching back a bit, it’s worth noting that the XRPL marked its 4.8 million wallet milestone earlier this month, a significant feat given the network’s launch just twelve years ago. As of the beginning of this year, the ledger had 4.521 million accounts. Fast forward ten months, and that figure has climbed by an additional 291,000 wallets.
Yet, it’s not just the sheer number that’s noteworthy. The pattern of growth matters. An analysis of the Historic Wallet Count showcases a consistent uptick since January 1st, with the only significant dip occurring in mid-June due to the deletion of over 85,000 wallets by the crypto exchange, Poloniex.
Understanding the Daily Dynamics
Delving deeper into daily figures, Santiment’s crypto behavior analysis illustrates the XRPL’s solid momentum. Since October’s outset, XRP has averaged about 1,400 new wallets every day. This rate aligns closely with figures from last October, despite the XRPL experiencing an unusual spike of 2,773 wallets on October 6, 2022.
Contrasting this month’s daily average of 1,400 with last month’s 1,100, we observe a subtle, yet optimistic, growth. There were occasional spikes in September as XRP hovered around the $0.52 price mark, the most prominent being the addition of 1,972 new addresses on September 19.
Highlighting the most significant daily surge this year, on July 13th, as XRP’s price escalated to $0.93 following a positive verdict in Ripple’s case, the XRPL witnessed a whopping addition of 5,948 wallets. Market participants were keen to capitalize on this rally, indicative of the direct correlation between network growth and market sentiments. As of the latest data, today alone has seen the incorporation of 211 new addresses on the XRPL.
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