New XRP Addresses Fall 85% as Speculative Interest Wanes.

Key Insights

• The number of new addresses on XRPL has declined to around 2,700 per day, a 85% drop.
• XRPL is experiencing a boom in tokenization activity and has overtaken Solana in total tokenized assets volume despite a decline in network activity.
• XRP token struggles despite broader market resurgence.

The number of newly created addresses on the XRP Ledger (XRPL) has fallen to around 2,700 per day, according to Glassnode data. This represents a massive decline from the 18,000 new addresses per day at its peak in December 2024.

It is a sign of how network activity on XRPL has declined as speculative interest in XRP has waned. Interest in XRP was very high in late 2024, with the token gaining more than 300% over a few months.

However, the token did not sustain its price performance for long and has since fallen below $1.5 after reaching a peak of $3.65 in July 2025. That price decline has also translated to lower network activity.

Interestingly, it is not only new addresses that have reduced. Monthly active supply has also fallen from around 7.45 billion XRP back in December 2024 to around 2 billion XRP daily today.

XRPL Sees Surge in Tokenized Assets Volume Despite Decline in Activity

The declining network activity does not reflect the full picture for XRPL, as the network continues to see developments and integrations.

Tokenization protocol Ondo Finance just announced on Wednesday the successful redemption of its tokenized US Treasuries by connecting XRPL with interbank settlement rails.

Ripple had described the milestone transaction as the first step towards creating a 24/7 global financial infrastructure. This highlights Ripple’s vision for XRPL’s role in the tokenization sector.

So far, that vision is coming together, as the network has already seen a sizable jump in the volume of tokenized assets onchain. According to rwa.xyz data, the total value of tokenized assets on XRPL is $3.6 billion, behind Ethereum and BNB Chain but ahead of ZKsync and Solana. These include both represented and distributed assets.

Interestingly, the network reached a milestone in the number of addresses a few days ago, with 8.26 million total addresses. It added around 67,186 addresses over 30 days, a 0.82% increase, reflecting a further drop in new daily accounts.

The network had also announced its four-phase quantum-resistant roadmap with plans to become quantum-proof by 2028,

XRP Plunges Amid Market-Wide Correction

Despite the increase in tokenized assets volume on the network, XRP has remained stuck below $1.50 for the last four months. The token saw only a 2.5% gain after the milestone redemption compared to over 29% rise in the ONDO token after the announcement.

However, it has now fallen by 2% after the recent market-wide correction, leading Bitcoin to drop below $80,000. Even before the decline, XRP has been one of the worst-performing major cap tokens over the past month.

In the last 30 days, XRP is up by just $6.67%. This is lower than the almost 17% gain for Bitcoin and even worse than that of other altcoins such as Solana, Ethereum, TRX, and others. It only beats BNB, which only gained 6.53% in that period.

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