XRP Ledger Sees Significant Growth in Active Accounts and Transaction Volume
According to U.Today, XRP Ledger activity has surged. On October 21, active XRP Ledger accounts reached 25,700, a single-day increase of approximately 12%, significantly above the 30-day average. New accounts accounted for only 4,500, a 35.6% increase, indicating that most were returning users. Transaction volume grew by 55.9% to 3.5 million, successful transactions increased by 67.8% to 2.9 million, and XRP burned (as fees) rose by 20% to 747.6 XRP. However, payment volume and value decreased, and another active user metric also dropped by 50%, suggesting that the new activity might stem from small transactions, token activity, or bot behavior. The price of XRP is currently around $1.33 and has not yet reacted to the network activity.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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