XRP Network Activity Drops While Institutions Advance Tokenized Asset Settlement
New daily XRP addresses on the XRP Ledger have fallen 85% from 18,000 in December 2024 to 5,020, while monthly active supply dropped 73% from 7.45 billion to 2 billion XRP per day, according to Glassnode data cited in a Telegram post. The decline reflects a shift from retail speculation to institutional usage, as Marcin Kazmierczak of RedStone told Decrypt: "The network is shifting from retail speculation only to institutional rails." He added that the drop in addresses is due to speculative retail rotating out after the late-2024 rally, while institutional activity grows. Amid this decline, Ripple, Ondo Finance, JPMorgan's Kinexys, and Mastercard completed the first real-time cross-border settlement of tokenized assets on a public blockchain. The pilot settled a redemption of Ondo's OUSG tokenized U.S. Treasury fund across borders and banks, using XRPL, Mastercard's Multi-Token Network, and JPMorgan for dollar delivery. Tokenized real-world assets on XRPL now exceed $2.43 billion, including $403 million in tokenized U.S. Treasuries, signaling rising institutional use. For wallet and key holders, the trends indicate a fundamental shift in XRP's utility. While retail activity declines, institutional adoption through tokenized assets and interbank rails is accelerating, supported by regulatory clarity from the SEC and CFTC classifying XRP as a digital commodity. This transition may lead to more stable, but lower, retail engagement, while new opportunities arise for secure participation in institutional-grade asset settlement. Key holders should monitor network upgrades and compliance developments as banks like JPMorgan adopt public blockchains.
Key facts
- New daily XRP addresses dropped 85% from 18,000 to 5,020 since December 2024.
- Monthly active XRP supply fell 73% from 7.45 billion to 2 billion per day.
- Ripple, Ondo, JPMorgan, and Mastercard completed first tokenized cross-border settlement on public blockchain.
- Tokenized RWAs on XRPL reached $2.43 billion; tokenized Treasuries exceed $403 million.
- SEC and CFTC classified XRP as a digital commodity, boosting institutional engagement.