XRP News Today: XRP Ledger Active Wallets Surpass 7.24M as DeFi Expansion Drives 40% Price Surge

Generated by AI AgentCoin World
Sunday, Jul 27, 2025 2:25 pm ET1min read
XRP
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Aime RobotAime Summary

- XRP Ledger active wallets hit 7.24 million, driven by DeFi growth via AMMs and EVM-compatible sidechains.

- XRP surged to $3.65 in July 2025, reflecting strong on-chain activity and $200B+ market cap momentum.

- SWIFT's 15% transaction decline highlights blockchain's rising role in cross-border payments and financial infrastructure.

- Network's 4-second transactions and energy-efficient consensus position it as a scalable DeFi competitor to Ethereum.

- Wallet growth signals blockchain's transition from value transfer to comprehensive ecosystem rivaling traditional finance.

The

XRP
Ledger has achieved a significant milestone, with active wallets surpassing 7.24 million, a record driven by the rapid expansion of decentralized finance (DeFi) on the network. According to CryptoQuant data, this surge reflects heightened on-chain activity and adoption, fueled by the integration of protocol-level Automated Market Makers (AMMs) and an Ethereum Virtual Machine (EVM)-compatible sidechain. These innovations have enabled seamless cross-chain swaps, staking mechanisms, and liquidity pools, transforming the XRP Ledger from a payments-focused network into a robust DeFi ecosystem [1]. The growth in wallet addresses underscores a shift in user behavior, as individuals and institutions increasingly adopt blockchain for financial services beyond simple value transfers.

The XRP Ledger’s transition to a DeFi powerhouse is accompanied by a notable rise in transaction volume and bullish sentiment. XRP, the native token, recently breached its previous all-time high of $3.40, reaching $3.65 in late July 2025. This surge followed a 40% weekly price increase, propelled by heightened demand and on-chain activity. While the token has since retreated to approximately $3.10, the underlying momentum remains strong, with the market capitalization exceeding $200 billion [1]. Analysts highlight the growing relevance of the XRP Ledger in cross-border payments, noting that SWIFT’s transaction volume has declined by 15%, signaling a shift toward blockchain-based solutions [1].

The network’s appeal lies in its interoperability and scalability. The EVM-compatible sidechain has lowered barriers for developers and users accustomed to Ethereum-based ecosystems, facilitating the migration of liquidity and applications. This adaptability positions the XRP Ledger to compete more effectively with other blockchain networks while catering to a broader audience. Additionally, the network’s ability to process transactions in under four seconds, combined with its energy-efficient consensus mechanism, differentiates it in a competitive market.

The surge in wallet adoption and DeFi activity highlights a broader trend: blockchain networks are evolving into comprehensive ecosystems that rival traditional financial infrastructure. As the XRP Ledger’s wallet count climbs, it signals a maturing market where utility and user experience drive adoption. For investors and developers, this milestone underscores the potential for further integration of blockchain into mainstream finance, particularly in cross-border remittances and decentralized applications.

Sources:

[1] [XRP Ledger Hits Record 7.24 Million Wallets as DeFi Boom Drives All-Time High Adoption] [https://zycrypto.com/xrp-ledger-hits-record-7-24-million-wallets-as-defi-boom-drives-all-time-high-adoption/]