XRP New Addresses, Active Supply Plunge Amid Shift to ‘Institutional Rails’
XRP Ledger network activity has dropped significantly, with new daily addresses down over 80% from 18,000 in December 2024 to 5,020 and monthly active supply falling more than 70% from 7.45 billion XRP to around 2 billion. This decline reflects retail exit after the late-2024 rally, while institutional use is increasing. XRP currently trades at $1.39, with muted price action and low investor optimism for altcoins; prediction markets see only a 13% chance of an “alt season” before July. Despite falling retail activity, global financial institutions—Ripple, Ondo Finance, JPMorgan's Kinexys, and Mastercard—completed the first real-time cross-border settlement of tokenized assets on the XRP Ledger. The transaction involved redeeming Ondo's tokenized U.S. Treasury fund using public blockchain infrastructure and connecting major payment networks. Tokenized real-world assets on the XRP Ledger now exceed $2.43 billion. Regulatory clarity from the SEC and CFTC classifying XRP as a digital commodity has accelerated institutional adoption, and the pilot marks a notable shift as major banks use public blockchain rails for settlement.
