 
 
According to CryptoQuant data, the record-breaking 7.24 million XRP Ledger wallets underscore a surge in adoption and accelerating on-chain activity.
Notably, the launch of protocol-level Automated Market Makers (AMMs) and an EVM-compatible sidechain has ignited XRPL’s decentralized finance (DeFi) boom, enabling seamless swaps, staking, and liquidity pools that are rapidly attracting new users and wallets.
Therefore, XRP Ledger’s all-time high (ATH) number of wallets shows that the network has transitioned to a utility ecosystem and DeFi powerhouse, not just a payments network.
This explains why the XRP Ledger is gaining strong momentum, driven by surging demand and a sharp rise in transaction volume, signaling growing bullish sentiment and mainstream potential.
Meanwhile, SWIFT is losing ground, with transaction volume recently dropping by 15%, highlighting XRP’s rising dominance in cross-border payments.
 
XRPL’s skyrocketing transaction volume might have been one of the factors that contributed to XRP recently hitting historic highs.
XRP soared to a new all-time high of $3.65, breaking past its previous $3.40 peak with this leg up being fueled by a 40% weekly surge, with the market cap surging past $200 billion.
Even though XRP has retraced back to the $3.10 zone, it appears that XRPL’s high on-chain and DeFi activity will continue to create momentum for the third-largest cryptocurrency by market cap.
Source: https://zycrypto.com/xrp-ledger-hits-record-7-24-million-wallets-as-defi-boom-drives-all-time-high-adoption/