The XRP Ledger has recently marked a significant achievement by registering over 7.18 million addresses. At the same time, Canada’s 3iQ XRP ETF has surpassed $50 million in assets under management, indicating growing institutional confidence in the XRP ecosystem.
Rising Institutional & Developer Engagement
Over the past year, the XRP Ledger has attracted increasing interest from financial institutions and developers. The launch of XRP futures on Coinbase and rising volumes on regulated exchanges, like CME Group, amounting to $542 million in the first month, have created a robust framework for large-scale adoption.
Higher Token Utility & Consumer Awareness
The migration of XRP into new use cases such as cross-border payments, remittances, and strategic crypto reserves has heightened awareness among both retail and institutional investors. Notably, XRP was included in a U.S. national crypto reserve plan, marking a significant step in improving its image.
UX Improvements & Wallet Launches
There has been a surge of user-friendly wallets tailored for the XRP Ledger, including mobile and desktop versions. Coupled with simplified KYC processes and fiat on-ramp platforms, this has lowered barriers and led to an increase in new users.
The impressive AUM milestone of the 3iQ ETF underscores the increasing interest in regulated crypto investments. The rise in institutional engagement and new products within the XRP Ledger suggests further expansion of addresses and active token usage in the future.
