XRP Ledger Growth Signals

Cryptocurrency analysis company Santiment announced that the XRP Ledger has been showing significant growth signals recently. According to the report published by the company, interest in XRP is increasing rapidly both in terms of usage and key users.

Increased User Interaction

According to Santiment data, more than 295,000 unique XRP addresses interacted daily on average in the last week. This figure is almost 7 times the average daily user interaction of 35-40 thousand over the past 3 months. This increase indicates that XRP’s usage area is expanding and the adoption of the network is gaining momentum.

Whale and Shark Wallets Growth

However, the number of whale and shark wallets holding at least 1 million XRP has also surpassed 2,700 for the first time. Santiment noted that this is a first in XRP’s more than 12-year history.

Purpose Investments XRP ETF

In other XRP developments today, we reported that the Purpose Investments Purpose XRP ETF will offer investors direct exposure to spot XRP. The ETF, which will begin trading on the Toronto Stock Exchange on June 18, will be available in three versions: Canadian dollar-hedged (XRPP), Canadian dollar-unhedged (XRPP.B), and US dollar (XRPP.U). All versions can be held in registered investment accounts such as TFSAs and RRSPs.

> This is not investment advice.