On-chain data shows the total number of non-empty XRP addresses has set a new all-time high alongside a 5-week high in network activity.
XRP Total Amount Of Holders Is Sitting At A Fresh RecordNow, here is the chart shared by Santiment that shows the trend in the XRP Total Amount Of Holders over the past month:
As displayed in the above graph, the XRP Total Amount Of Holders has followed an uptrend in recent weeks, implying that the cryptocurrency has been getting a steady stream of new users. Today, the indicator is sitting at a value above 7.7 million, which is a new record for the blockchain.
While the Total Amount Of Holders measures the pure number of users that exist on the blockchain, the Daily Active Addresses provides an estimate for the amount of them who are active in their participation.
Following the latest spike in the Daily Active Addresses, 46,767 addresses are making transactions on the XRP network, which is the highest level in about five weeks. The elevation in activity has appeared alongside a price surge for the cryptocurrency.
Sharp price action tends to attract attention to the network, so it may not be a surprise that this rise in the Daily Active Addresses took place. Generally, price moves like this are sustainable so long as they can continue to invite engagement from investors, so it only remains to be seen whether the indicator will also be elevated in the coming days.
XRP PriceXRP briefly touched the $1.6 level during its latest rally, but the coin has since cooled back down to $1.5.
