XRP Ledger’s (XRP) key adoption metrics are showing a strong momentum for Ripple’s cryptocurrency. From a demand perspective, the XRP market capitalization has increased by more than $12 billion year-to-date, for an impressive 73% growth in 2023.
Similarly, the number of crypto wallet addresses holding at least 1 XRP ($0.55). Finbold filtered on-chain data from Santiment on October 27, which shows 4.82 million addresses own 1 XRP or more.
It is important to say that XRP Ledger is a pseudonymous network, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible at the moment to know how many people own XRP.
Notably, the retrieved data’s first register is from December 6, 2012, with a single XRP wallet owned by Ripple. This indicates an average growth of 438,180 per year in the last 11 years.
It is also notable that the pace of new wallet creation was comparatively slow until 2018 when we can observe a surge in
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