On-chain data in June reveals a remarkable surge in activity and investor interest across the XRP Ledger (XRPL) ecosystem.
This on-chain shift comes as XRP receives positive news and gains attention during a wave of strategic crypto reserve accumulation by publicly listed companies.
XRP Ledger Sets New Records in June
According to the latest data from Santiment, the number of daily active XRP addresses exceeded 295,000 over the past week. That’s several times higher than the average of 35,000–40,000 addresses per day in the past three months.
This sharp rise indicates increased network usage, reflecting growing interest from the broader crypto community.
More notably, the number of XRP whale wallets holding at least 1 million XRP has now exceeded 2,700, marking a new all-time high in the asset’s 12-year history.
At current prices, each whale wallet holds approximately $2.25 million in value. The growth in whale addresses signals increasing confidence from both institutional and high-net-worth individual investors.
This data aligns with a recent report from BeInCrypto, which noted that XRP saw $11.8 million in inflows over the past week, ending a three-week streak of outflows.
Institutional Investors Eye XRP Amid Rise in Public Crypto Treasuries
These bullish signals come from on-chain data and strategic moves by ecosystem stakeholders.
Charles Hoskinson, founder of Cardano, recently confirmed that the Cardano network is preparing to fully integrate with the XRP ecosystem. This includes Lace wallet support for XRP and exploration of XRP-based DeFi solutions such as Ripple’s RLUSD stablecoin.
Additionally, Canada is set to launch its first XRP ETF, managed by Purpose Investments, on June 18, 2025. This milestone highlights the growing interest of traditional financial institutions in digital assets like XRP.
Some publicly traded companies, such as Worksport and VivoPower, have already chosen XRP as a strategic reserve asset.
“The CME’s launch of XRP futures in 2025 and potential ETF approvals for XRP and SOL indicate institutional readiness to move further out on the risk curve,” Fabian Dori, Chief Investment Officer at digital asset bank Sygnum, told BeInCrypto.
However, according to DeFiLlama, the total value locked (TVL) on XRPL remains low, around $60 million, and has shown little change since September 2024. Daily DEX volume on XRPL also falls short of $100,000.
These figures suggest that XRP’s influence in the DeFi space is still limited and falls short of investor expectations.
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