Decline in Active XRP Users, Increase in Transaction Value

The number of active users on the XRP Ledger network has dropped from over 1,860 to around 1,100 daily, while the average daily trading volume has increased by 79%, reaching 3.57 million XRP. The average volume per entity rose from about 1,070 XRP to nearly 3,200 XRP. The total volume on the decentralized exchange increased to 4.42 million XRP daily, with the order book accounting for 81% of all activity, compared to 54% a year ago. The number of assets traded with the native currency has fallen to 319, the lowest figure in a year and a half. The total value locked in the network has risen to approximately $4.26 billion, compared to $99 million a year and a half ago. This growth is driven by tokenized assets, which had an average value of $3.72 billion, and the stablecoin RLUSD, whose average supply increased from $73 million to $539 million, representing a growth of over 600%.

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