XRP's market cap reached $121.6 billion in Q1 2025, driven by increased supply and ETF momentum.Average daily active addresses on XRPL surged 142% QoQ, showcasing rising user engagement.Payments surpassed OfferCreate as the primary transaction type, comprising 55% of total activity.XRPL expanded its smart contract features with the launch of 'Extensions' and saw an increase in issued currencies and token economy growth.