Recent data from analytics firm Santiment indicates a significant uptick in activity within the XRP network, which may signal structural growth in the ecosystem.
Sharp Increase in XRP Address Numbers
According to Santiment, the average number of daily active XRP addresses has surpassed 295,000 over the past week. This increase comes in stark contrast to the three-month average of just 35,000 to 40,000 addresses, indicating a meaningful expansion in network participation.
New Records Among Large Wallets
Alongside the rise in network activity, another major milestone has been reached: over 2,700 wallets now hold at least 1 million XRP, roughly equivalent to $525,000 at current prices. Santiment notes that the total now stands at 2,708 unique wallets, a level of accumulation never seen before in XRP's history.
Network Stability and Growth Dynamics
These metrics suggest strong structural growth for the XRP ecosystem. Increased user activity and deep-pocketed holders expansion could pave the way for renewed market momentum, especially if these trends persist.
The rising activity and accumulation within the XRP network highlight its potential for development amid growing institutional interest and regulatory clarity.
