XRP has witnessed a significant increase in the total number of new addresses, reaching 138,790, demonstrating a remarkable growth of 31.8% compared to the same period in 2022.
Despite lingering concerns over the ongoing legal dispute between Ripple and the SEC, XRP (XRPL) – the native cryptocurrency of the Ripple platform, has demonstrated significant growth across various aspects of the protocol in the second quarter of 2023.
The market capitalization of XRP has increased by 42.5% from the beginning of the year until now.
XRP has achieved significant growth in the total number of new addresses, reaching 138,790, corresponding to a growth rate of 31.8% compared to the same period in 2022. Additionally, quarterly revenue has increased by 220.3%, reaching $188,376.
Despite experiencing a decline in transaction volume on a quarterly basis, the XRP platform has witnessed a noteworthy increase of 12.7% in average daily NFT transactions, rising from 13,800 to 15,500.
Despite facing challenges due to the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC), Ripple has witnessed efforts from its ecosystem developers to drive utility adoption.