XRP Ledger reached a record 7.24 million wallets as the DeFi boom unfolds.

robot
Abstract generation in progress

According to CryptoQuant data, the number of XRP Ledger wallets has reached a record 7.24 million, indicating that the level of adoption and on-chain activity is rising to the sky. The deployment of AMM at the protocol level and EVM-compatible sidechains has sparked a wave of DeFi on XRPL, supporting swaps, staking, and providing liquidity, attracting a large number of new users.

This boom has helped XRP Ledger transform into a utility ecosystem and DeFi hub, going beyond its role as a payment network. The transaction volume has skyrocketed and high demand has driven the price of XRP to a new peak of 3.65 dollars, surpassing the previous record of 3.40 dollars, with a market capitalization exceeding 200 billion dollars.

Meanwhile, SWIFT is gradually losing market share as transaction volumes decrease by 15%, indicating the increasing position of XRP in the global payment sector.

XRP Ledger reaches a record 7.24 million wallets as the DeFi boom

XRP-1.68%
DEFI-4.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)