XRP ecosystem activity has surged this month with multiple metrics hitting record highs, signaling accelerated adoption and heightened investor interest.
The XRP Ledger (XRPL) witnessed its highest daily account creation in five months on July 18, with over 10,000 new wallets activated. Concurrently, daily active addresses exceeded 50,500 – doubling last month’s figures – demonstrating substantially increased network engagement.
Total Value Locked (TVL) on XRPL reached a new all-time high exceeding $92 million, propelled primarily by decentralized exchange (DEX) activity. The growth follows the introduction of the XRPL EVM Sidechain, which enabled Ethereum-compatible smart contracts and boosted liquidity and innovation across DeFi applications.
Market dominance for XRP simultaneously strengthened, with the XRP.D index rising above 5% as the asset gained share in the cryptocurrency landscape. These developments collectively highlight the ecosystem’s expanding utility beyond payments.