XRP New Addresses, Active Supply Plunge Amid Shift to ‘Institutional Rails’
Analysis
Price Impact
MedWhile new addresses and active supply have decreased, this is attributed to a shift from retail speculation to institutional adoption. the successful pilot transaction involving major financial institutions and the growth in tokenized assets on the xrp ledger suggest underlying institutional interest, which could be a long-term positive. however, the immediate drop in on-chain activity can be perceived as bearish in the short term.
Trustworthiness
HighPrice Direction
NeutralThe decrease in retail activity is offset by increasing institutional use cases like tokenized assets and cross-border settlements. the price has remained relatively stable in the short term, indicating a balance between these opposing forces. the true impact will depend on how quickly institutional adoption translates into sustained demand.
Time Effect
LongThe shift from retail to institutional adoption is a structural change that will likely take time to fully manifest in price. the growth in tokenized assets and successful pilot programs suggest potential for long-term bullishness, but the immediate impact of reduced retail activity may linger.
Original Article:
Article Content:
In brief New daily XRP addresses fell 85% from 18,000 in December 2024 to 5,020, with monthly active supply down 73% over the same period. Ondo, Kinexys, Mastercard, and Ripple completed the first real-time cross-border settlement of tokenized Treasuries on a public blockchain. Tokenized RWAs on XRPL have crossed $2.43 billion, with tokenized US Treasuries alone exceeding $403 million, signaling institutional use is rising, Decrypt was told. XRP network activity has fallen to its lowest level in years, even as a coalition of global financial institutions completed the first real-time cross-border settlement of tokenized assets on the public blockchain . New daily addresses on the XRP Ledger have fallen over 80% from approximately 18,000 in December 2024 to 5,020 at the time of writing, according to a Friday Telegram post by Glassnode. Monthly active supply also declined more than 70% over the same period, from 7.45 billion XRP to roughly 2 billion XRP per day. “The network is shifting from retail speculation only to institutional rails,” Marcin Kazmierczak, co-founder of RedStone, told Decrypt . “That transition rarely looks pretty in the address chart.” The drop reflects speculative retail rotating out following the late-2024 rally rather than institutional usage collapsing, Kazmierczak said, with the two trends moving in opposite directions. Connecting XRP to interbank settlement rails XRP is currently trading at $1.39, down 1.6% over the past 24 hours, according to CoinGecko data , with gains of less than 1% over the past week and month. Investor sentiment on the broader outlook for altcoins remains muted. On prediction market Myriad , owned by Decrypt’s parent company Dastan, users assign a 13% chance to the possibility of an “alt season” before July, down from around 20% over the past week. Ripple, along with Ondo Finance, JPMorgan's Kinexys, and Mastercard, completed a pilot transaction connecting the XRP Ledger with interbank settlement rails on Thursday. The transaction settled the redemption of Ondo's OUSG—a tokenized U.S. Treasury fund—across borders and banks in near-real time and outside traditional banking hours. Ondo processed the redemption on the XRP Ledger, Mastercard's Multi-Token Network routed settlement instructions to Kinexys, and JPMorgan delivered U.S. dollars to Ripple's Singapore bank account. Tokenized real-world assets on the XRP Ledger have surpassed $2.43 billion, with tokenized U.S. Treasuries exceeding $403 million, according to RWA.xyz data. Meanwhile, the network's active wallets hover around 7.7 million, according to Kazmierczak and data from on-chain analytics platform Santiment . The SEC and CFTC classified XRP as a digital commodity in March, providing regulatory clarity that has accelerated institutional engagement, he added. The pilot transaction represents a structural shift rather than an isolated experiment. “The bigger signal is JPMorgan choosing public infrastructure over a walled garden,” Kazmierczak said. “Once one Tier-1 bank crosses that line, peer compliance reviews start moving.” Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!