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XRP Ledger Activity Surges as Adoption and Institutional Interest Drive Growth

  • Activity on the XRP Ledger has surged by 24% since January 2024, with the number of accounts growing from approximately 5 million to nearly 6.2 million.
  • Trustlines on XRPL have also increased significantly, reflecting broader adoption and enhanced network utility.
  • Catalysts for this surge include a reduced account reserve, bullish macroeconomic factors, rising meme coin activity, and growing institutional traction amid improved regulatory clarity.
  • The XRP Ledger is witnessing robust growth driven by multiple factors, including a 24% increase in accounts and a significant rise in trustlines.

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