XRP Ledger Reaches 8 Million Accounts with Token Down 70%

XRP Ledger (XRPL) surpassed 8 million activated accounts on July 16, marking a milestone that reflects the network's accumulated expansion since its launch. However, its current metrics reveal a less dynamic reality: only 14,793 accounts were active in the last 24 hours, and XRP is far from its all-time high (ATH) of $3.65.

The accounts used in the last day reached 14,716, which represents approximately 0.18% of the 8 million created throughout XRPL's history. The comparison does not imply that the rest are definitively inactive, but it allows for an understanding of the distance between the accumulated growth of the infrastructure and its everyday utilization.

During periods of peak activity, the indicator exceeded 100,000 daily accounts, a figure equivalent to at least 1.25% of the current total accounts. This proportion is indicative, as XRPL had not yet reached 8 million when those peaks were recorded, but it evidences the magnitude of the subsequent decline. In the last 24 hours, XRP Ledger recorded nearly 14,800 active accounts. Sources: Bithomp.

Although the figures show that the network maintains activity, the number of accounts used daily is well below the highs reached during the previous bull cycle.

This can be observed in the following chart from CryptoQuant, an on-chain analysis firm, which compares the number of daily active accounts on XRP Ledger (blue line) with the price of XRP (black line) since 2023. The price of XRP is nearly 70% below its all-time high. Source: CryptoQuant.

Active accounts surpassed 100,000 at the end of 2024 and have since dropped to around 14,000 currently. Although XRP continued to rise and reached its ATH in July 2025, network activity had already declined. Today, the token trades around $1.10, 69.7% below that record.

In other words, the chart reflects that both metrics lost momentum after the bull cycle, without implying a direct causal relationship.

In this context, the XRP Ledger Foundation celebrated the 8 million accounts and highlighted the network's positioning as infrastructure for payments, tokenization, and applications related to artificial intelligence.

As reported by CriptoNoticias, Ripple is working to expand these use cases through institutional agreements. Among them is the partnership with Aviva Investors, managing approximately $345 billion, to develop tokenized funds on XRP Ledger, as reported by CriptoNoticias.

However, the metrics for real-world assets (RWA) show mixed results.

Currently, XRPL records $4.07 billion in represented assets and $322.98 million in distributed assets. Over the last 30 days, these values decreased by 1.94% and 10.35%, respectively.

The number of real-world asset holders grew by 43.59%, reaching 168. However, the monthly volume of RWA transfers fell by 78.96%, down to $107.56 million.

Stablecoins present a similar dynamic. Their capitalization increased by 5.15%, reaching $955.93 million, and the number of holders advanced by 1.11%, totaling 59,950. In contrast, the volume transferred over the last 30 days decreased by 23.46%, down to $3.91 billion.

In summary, the metrics indicate that XRP Ledger continues to incorporate accounts, assets, and institutional projects, although this expansion has not yet resulted in a uniform increase in its utilization.

The figures show that XRP Ledger continues to add accounts, assets, and institutional projects, although growth is not uniform. The record of 8 million describes the historical expansion of its infrastructure; the decline in daily active accounts, lower tokenized volumes, and a price still 70% below its ATH provide a more complete picture of its current situation.