Xaman Wallet, a noncustodial crypto wallet based on the XRPL Xahau sidechain, is showing a recovery in user activity metrics after periods of decline. Recent data indicates that the wallet is regaining popularity, surpassing the mark of 100,000 active users per month.
Xaman Wallet Activity
Over the past year, Xaman Wallet experienced a significant drop in activity: from a peak of 164,200 active users in December 2023 to 92,362 in mid-September. However, recent data shows that the number of active users has once again surpassed the 100,000 mark. Core developer Wietse Wind noted that daily active users have also seen an increase.
Influence of XRP Ledger and RLUSD
Although Xaman Wallet is not directly connected to XRP Ledger, the interest in the latter might have contributed to the growth of the wallet's user base. Recent XRPL updates and the testing of the RLUSD stablecoin have created a positive atmosphere around the XRP community, potentially attracting new users to Xaman.
Current Usage Trends
The primary use case for Xaman Wallet remains payments. Furthermore, functions such as OfferCreate and TrustSet are also among the top transaction types on the protocol. Although the current number of users is far from its peak, the observed trend suggests that new milestones might be ahead.
Xaman Wallet continues to attract users amid the changing cryptocurrency market. Support from the XRP community and technological updates to Xahau may serve as catalysts for further growth in the user base and reaching new heights.