XRP Ledger Witnessing Surge in Transactions & Wallets

The XRP Ledger has experienced remarkable growth, with over 3.3 billion transactions recorded and a surge in active wallets surpassing 6 million. This rapid adoption is driven by several factors. The network’s EVM-compatible sidechain is poised for launch later this year, enabling Ethereum-compatible applications and smart contracts to run on the XRP Ledger. Furthermore, Ripple has partnered with Guggenheim Treasury Services to integrate tokenized digital commercial paper (DCP) onto the XRPL, increasing institutional access to fixed-income assets through blockchain technology. The growth in network activity is underscored by the involvement of 87 new contributors to the EVM sidechain, indicating strong developer interest and potential for widespread adoption.