XRP Ledger Hits Record 7.24 Million Wallets as DeFi Boom Drives All-Time High Adoption
Main Idea
The XRP Ledger has reached a record 7.24 million wallets, driven by DeFi innovations like Automated Market Makers (AMMs) and an EVM-compatible sidechain, while XRP's price and market cap also hit historic highs.
Key Points
1. The XRP Ledger has achieved a record 7.24 million wallets, according to CryptoQuant data.
2. The launch of protocol-level Automated Market Makers (AMMs) and an EVM-compatible sidechain has fueled XRPL's DeFi growth.
3. XRP's price surged to a new all-time high of $3.65, with a 40% weekly increase, though it has since retraced to $3.10.
4. SWIFT's transaction volume has declined by 15%, highlighting XRP's growing dominance in cross-border payments.
5. XRPL's on-chain and DeFi activity remains high, suggesting continued momentum.
Description
According to CryptoQuant data, the record-breaking 7.24 million XRP Ledger wallets underscore a surge in adoption and accelerating on-chain activity.
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