XRP Whale Wallets and Daily Active Addresses Reach New Highs Amid Growing Institutional Interest

• XRP whale wallets have surged past 2,700 in June, reaching a 12-year record and signaling heightened confidence from large-scale investors.

• Daily active XRP addresses soared to 295,000, reflecting a significant uptick in user engagement within the XRP Ledger ecosystem.

• Institutional interest in XRP grows with the launch of a Canada-based ETF, integration with the Lace wallet, and increased adoption by corporate crypto treasuries.

XRP’s ecosystem experiences record whale wallet growth and daily activity, boosted by institutional adoption and a new Canadian ETF launch.

XRP Ledger Achieves Unprecedented Network Activity in June

Recent on-chain analytics from Santiment reveal that daily active XRP addresses have surged to over 295,000, a dramatic increase compared to the previous three-month average of 35,000 to 40,000 addresses per day. This spike underscores a renewed interest and expanding user base within the XRP Ledger network.

The rise in daily active addresses is a critical indicator of network vitality, suggesting that more participants are engaging with XRP for transactions, payments, or decentralized applications. This momentum is further supported by the record number of XRP whale wallets—those holding at least 1 million XRP—now exceeding 2,700, the highest in the asset’s history.

Each whale wallet currently represents approximately $2.25 million in XRP holdings, reflecting substantial capital inflows from institutional and high-net-worth investors. This trend aligns with recent inflow data reported by COINOTAG, which noted $11.8 million in net positive inflows over the past week, reversing a prior three-week outflow streak.

Institutional Adoption Accelerates with New ETF and Strategic Partnerships

The growing institutional appetite for XRP is evident through several key developments. Notably, Canada’s Purpose Investments is set to launch the country’s first XRP Exchange-Traded Fund (ETF) on June 18, 2025, marking a significant milestone for XRP’s integration into traditional financial markets.

Further bolstering XRP’s ecosystem, Cardano founder Charles Hoskinson announced plans for full integration between Cardano and the XRP Ledger, including support for XRP in the Lace wallet and exploration of XRP-based decentralized finance (DeFi) products such as Ripple’s RLUSD stablecoin. These collaborations signal a strategic effort to expand XRP’s utility beyond payments into DeFi.

Several publicly traded companies, including Worksport and VivoPower, have adopted XRP as part of their corporate treasury strategies, underscoring confidence in XRP as a digital reserve asset.

Fabian Dori, Chief Investment Officer at digital asset bank Sygnum, emphasized this institutional momentum: “The CME’s launch of XRP futures in 2025 and potential ETF approvals for XRP and SOL indicate institutional readiness to move further out on the risk curve.”

Challenges in XRP’s DeFi Adoption and Market Liquidity

Despite these positive signals, XRP’s footprint in the decentralized finance sector remains modest. According to DeFiLlama, the total value locked (TVL) on the XRP Ledger has hovered around $60 million since September 2024, with daily decentralized exchange (DEX) volumes consistently below $100,000.

This limited DeFi activity suggests that while XRP is gaining traction as a payment and treasury asset, its role within the broader DeFi ecosystem is still nascent and may require further development to meet investor expectations.

Conclusion

The XRP Ledger’s record-breaking growth in whale wallets and daily active addresses highlights a renewed investor confidence and expanding user engagement. Institutional adoption, driven by the upcoming Canadian ETF and strategic partnerships like Cardano’s integration, positions XRP for further mainstream acceptance. However, XRP’s limited DeFi activity and liquidity constraints indicate areas for future growth. Investors and ecosystem participants should monitor these developments closely as XRP continues to evolve within the competitive crypto landscape.