XRP Records New XRPL Account Growth and TVL Highs Suggest Potential Market Share Gains
Main Idea
XRP's ecosystem experienced significant growth in July, marked by record new account activations, increased TVL, and rising market dominance, driven by the launch of the XRPL EVM Sidechain and heightened DeFi activity.
Key Points
1. Over 10,000 new XRP Ledger (XRPL) accounts were created on July 18, the highest daily figure since February 2025.
2. Daily active wallet addresses exceeded 50,500, doubling the previous month's figures.
3. Total Value Locked (TVL) on XRPL surged past $92 million, setting a new all-time high, driven by activity on the decentralized exchange (DEX).
4. The XRPL EVM Sidechain launch enabled Ethereum-compatible smart contracts, boosting DeFi innovation and liquidity.
5. XRP Dominance (XRP.D) index climbed above 5%, indicating growing market share and investor interest.
Description
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