XRP prices continue to rise, but its growth brings impulses to activity On-chain From XRP Ledger (XRPL).
On June 22, XRP cited about $2 and began to rise for the first time since the end of January last year until it exceeded $3 on July 16th. At the time of this article, this cryptocurrency was $3.25; 7% on the last day.
This increase coincided with an increase in activity XRPL recorded on that network. For example, since June 22nd, XRPL’s active accounts are They went from 20,000 to almost 32,000according to encrypted data, an increase of 60%.
An active account is defined as an address in the network that performs at least one transaction for a given period of time, reflecting the user’s interest in operating with XRP. This XRPL metric had an ATH last December, When you reach an active address of nearly 110,0003 times the current level.
Meanwhile, XRPSCAN Explorer data points to Ripple Network registering 2,700 new addresses on June 22nd. This is when XRP added new users to this ecosystem while over 8,000 on July 14th, as XRP prices rose. Therefore, the total addresses created in XRPL reached 7.2 million, pointing to a sustained expansion of the user base.
When it comes to daily trading, growth was slower. On July 8th, XRPL handled 1.3 million operations. Equivalent to 1.8 million people on July 16thafter the 2 million peak on July 15th.
This volume shows an increase in the use of networks specifically designed for international transfers, cross coverers payments, or remittances.