TL;DR
- XRP network activity is accelerating, with daily active addresses reportedly averaging about 35,700 in August, up from 26,400 in July. Yet new addresses remain near 2,260 per day.
- Meanwhile, wallets holding at least 1 million XRP have continued accumulating.
- The divergence suggests stronger engagement from existing holders, while broader retail adoption remains the missing piece for a more convincing growth signal.
XRP network activity is rising, but the number of new users entering the ecosystem is not keeping pace. That split is drawing attention as XRP trades close to the $1 level, leaving investors to question whether stronger blockchain usage can eventually translate into broader adoption and renewed market demand.
#XRP just hit its lowest close since Nov 2024 ($1.00) but here's the part people are missing 👀
Active addresses are UP 35% in August (35.7K/day vs 26.4K in July). Existing holders are clearly active.
New addresses? Flat. 2,260/day, basically unchanged from July.So it's not… https://t.co/25MdmJL6YV pic.twitter.com/YKcQzyezP0
— Xaif Crypto (@Xaif_Crypto) August 13, 2026
Recent on-chain figures cited by market analyst Xaif Crypto show daily active XRP addresses averaging roughly 35,700 in August, compared with about 26,400 in July. That represents an increase of approximately 35%. At the same time, new addresses have stayed close to 2,260 per day, suggesting that much of the additional activity is coming from participants who already use the network.
The distinction matters because active addresses measure engagement, not necessarily user acquisition. An existing holder can move XRP between wallets, interact with exchanges or conduct more transactions without becoming a larger buyer. Santiment similarly separates total accounts from active accounts, making the two metrics useful for assessing different aspects of network behavior.
There is also evidence that the XRP Ledger has continued expanding its overall footprint. The network surpassed 8 million activated accounts in July, although new wallet creation had slowed to roughly 2,300 per day. That suggests the current slowdown in new-user growth is not necessarily a rejection of the ecosystem, but could reflect a period of consolidation after earlier expansion.
XRP Network Activity Meets Whale Accumulation
Large holders provide another important piece of the picture. Santiment data cited in recent reports indicates wallets holding at least 1 million XRP increased their holdings substantially during periods of price weakness. By June, this group controlled about 74.1% of XRP’s supply after adding roughly 1.53 billion tokens over six months.
That concentration can be viewed positively from a bullish perspective because it shows that large holders have continued accumulating despite weaker prices. It also means XRP demand is not disappearing across every segment of the market. Instead, ownership appears to be shifting toward larger participants while smaller wallets show less strength.
