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The XRP Ledger (XRPL) network, which uses XRP as its native token, has seen its usage collapse by 50% over the past two weeks.
As of June 16, the number of daily active addresses on the XRP Ledger had fallen to around 25,000, down from roughly 50,000 two weeks earlier, according to data from Santiment, analyzed by Finbold on June 19.
XRP active addresses. Source: Santiment
The XRPL network’s activity has dropped gradually over the past two weeks, signaling a sustained pullback in demand for on-chain transactions. Furthermore, the XRPL 30-day transfer volume for  Real World Assets (RWA) crashed by 69.39%, hovering at approximately $44.93 million at press time, based on metrics from RWA.xyz.
XRP Ledger metrics. Source: RWA.xyz
Additionally, the XRPL’s distributed asset value declined by 10.83% over the past 30 days, with a total of about $360.32 million at the time of reporting. However, the number of addresses on the XRP Ledger has continued to grow over the past few m

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