XRP's market cap increased by 1.9% in Q1 2025, reaching $121.6 billion, while BTC, ETH, and SOL collectively lost 22% in market cap during the same period.
XRPL daily active addresses grew by 142% to 134,600 in Q1, demonstrating significant user engagement and interest from long-time and new participants.
XRPL network fundamentals expanded notably in Q1 2025, with Ripple Labs leveraging infrastructure growth and institutional adoption to strengthen its market position.
Ripple's $1.25 billion acquisition of Hidden Road and the launch of the XRPL EVM sidechain testnet in Q1 2025 are seen as strategic moves to enhance XRPL's enterprise use cases and ecosystem reach.