In the past two years, the number of active cryptocurrency wallets for XRP has risen by 28%, as reported by Santiment. This figure is lower compared to the growth rates of ETH and USDT wallets.
Latest Data from Santiment
According to blockchain analysis platform Santiment, there has been a significant increase in the number of active wallets for the top four digital currencies over the past two years. Bitcoin has 54.7 million active wallets, Ethereum 134.9 million, USDT 6.57 million, and XRP 5.75 million.
Comparison of Wallet Growth
In the last two years, the number of active Bitcoin wallets rose by 27%. Ethereum showed a growth of 47%, while USDT increased by 66%. However, XRP saw an increase of only 28%, indicating lower adoption compared to its major competitor ETH.
Current Market Trends for XRP
Though XRP adoption has not met earlier projections, its price has surged in recent months, making it one of the world's leading digital assets. Currently, XRP is retesting the lower $2 price levels amid a broader market sell-off.
Santiment's research highlights that while active XRP wallets have increased, its adoption lags behind competitors. Nevertheless, the recent price surge reflects its importance in the digital asset market.
