- In a Tuesday X post, Santiment revealed that Ripple’s decentralized blockchain, XRPL, has seen a surge in activity and investor interest.
- XRP just hit a major milestone, with over 2,700 whale wallets, the highest in 12 years, and daily active addresses surging to 295,000.
The XRP Ledger (XRPL) is experiencing a major resurgence, and the numbers speak for themselves. According to on-chain analytics platform Santiment, usage of the XRP Ledger has increased in the past week, showing “serious signs of growth” from both user activity and large stakeholders. The most eye-catching stat?
Over the past seven days, the network has seen an average of more than 295,000 interacting XRP addresses per day, a leap compared to the previous three-month average of just 35,000 to 40,000 addresses daily. That’s not a small uptick; it’s a near 8x increase.
Institutional and high-net-worth interest is heating up, too. Santiment revealed that for the first time in XRP’s 12-year history, there are 2,708 whale and shark wallets holding at least 1 million XRP each, that’s about $2.25 million or more at the time of writing. These large holders, often early indicators of long-term confidence and strategic investment, could be positioning themselves for something bigger.
Backing this growth is data from DeFiLlama, which shows that XRP Ledger’s total value locked (TVL) has climbed to $59.83 million, with a modest 2.76% increase in the last 24 hours. While XRP’s DeFi scene is still developing compared to Ethereum or Solana, a steadily growing TVL signals increasing capital commitment within its decentralized applications.
Zooming in further, the stablecoin market cap on XRPL stands at around $71.06 million. XRPL hosts a vibrant stablecoin ecosystem, including USDS, RLUSD, EURS, XUS, and AUDC. Notably, these stablecoins are a foundational part of any blockchain ecosystem because they enable users to transact without being exposed to price volatility.
Meanwhile, activity on XRPL-based decentralized exchanges (DEXs) is also picking up. The reported 24-hour trading volume across XRPL DEXs sits at $95,274, not astronomical, but a positive sign of traction in on-chain trading.
Activities Pushing these Numbers
Investor confidence in XRP has been gaining traction thanks to a mix of legal developments. One key catalyst is ProShares’ decision to update its XRP ETF filing. Originally submitted in January 2025, the revised filing is now scheduled for June 25, 2025. Additionally, CNF noted earlier that the ruling on Franklin Templeton’s proposed Spot XRP ETF is expected today, June 17. While XRP ETFs are still a work in progress, some products are already on the market, like the Tectrium 2x Long Daily XRP ETF.
Beyond ETFs, Cardano founder Charles Hoskinson recently confirmed that his team is working on a full-fledged “XRP package,” which appears to go beyond the integration of RLUSD. The goal is to embed XRP into Cardano’s decentralized finance (DeFi) ecosystem, potentially opening the door for cross-chain utility and liquidity.
XRP is also being embraced at the corporate level. Companies like Worksport and VivoPower have already adopted XRP as a strategic reserve asset, an endorsement of its potential as a store of value and transaction medium.
On the legal front, CNF reported that Ripple and the SEC have jointly filed a request with the U.S. District Court, asking Judge Torres to lift the long-standing injunction on Ripple’s XRP sales. Ripple has agreed to pay $50 million to the SEC, with another $75 million being returned to the company.
