Ripple and XRP Cryptocurrency Network, XRP Ledger (XRPL) have experienced an increase in their activities On-chain It has been affected over the past few months Political and economic ads From the US. This growth is observed in the increase in total and number of active accounts and the amount of successful transactions.
Total number of XRPL accounts reached on March 12th (ATH), Almost 6.9 million accountsAccording to GlassNode data.
The total accounts reflect the accumulated amount of unique directions generated from the network launch. This is an indicator that tends to grow over time across all networks. However, the growth of this statistic in the XRPL accelerated since November 2024, consistent with Donald Trump’s assumptions for his second presidency in the United States.
Significant increase in active accounts on XRP networks
For active accounts defined as creating at least one transaction for a given period, the network has registered significant growth since the end of February.
According to GlassNode, on February 27th, XRPL had around 57,000 active accounts, rising to 261,000 on March 1st and peaking at 544,000 on March 2nd. Encryption. As of March 13th, active accounts had stabilized at around 440,000.
As you can see in the following graph, the green line represents an increase in active accounts, with XRP prices growing from $2.15 per token to nearly $3 between February 28th and March 1st. According to CoinMarketCap, at the time of this article, the cryptocurrency was trading for $2.34.
Before Trump’s assumption, for most of 2024, the number of active accounts in XRPL It was between 15,000 and 20,000reinforces that the change in the presidency and its advertising had an impact on this rebound.
The number of user operations in XRPL has also been uploaded
The total amount of successful transactions also reveals an increase in network activity. According to GlassNode, the number went from about 1.3 million to 2.1 million from the last week of February to March 13th.
This increase in the total number of satisfactory transactions points to greater participation in XRPL during this period, accompanied by trends observed in total and active accounts.
In conclusion, the XRP ledger network has registered an increase in its activity On-chain Since November 2024, there has been an impulse after ads related to Trump’s presidency.
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