XRP News Today: XRP Ledger Sees 800% Surge in Daily Transactions Amid Institutional Interest

XRP, the cryptocurrency associated with the Ripple network, has witnessed a surge in activity, marked by a record number of wallets holding at least 1 million XRP, totaling over 2,700. This milestone reflects a growing confidence among large investors, often referred to as whales, in the potential of XRP. The increase in whale wallets is accompanied by a significant rise in daily active addresses, with the mean daily wallet transactions reaching 295,000 over the last week. This surge in activity indicates a strong institutional momentum, as more large-scale investors and institutions show interest in the XRP Ledger.

The XRP Ledger has experienced an 800% surge in daily transactions, further emphasizing the network's growing adoption. This increase in activity is not only driven by individual investors but also by the involvement of large institutions. Recent partnerships, such as Ondo Finance introducing tokenized US securities to the XRP Ledger and Circle launching USDC on the network, have added legitimacy and trust to the platform. Additionally, the partnership with Guggenheim to launch digital commercial paper on the XRP Ledger has further bolstered its credibility.

Innovation continues to be a key driver behind the XRP Ledger's momentum. Ripple's CTO, David Schwartz, recently proposed a fee update for the XRP Ledger, aiming to make it more competitive compared to other blockchain networks like Ethereum. These updates are expected to improve performance and cost efficiency, making the XRP Ledger a more attractive option for developers and users. Speculation regarding the approval of XRP by the US Securities and Exchange Commission (SEC) has also been a significant factor driving activity on the XRP Ledger. Positive expectations from the market regarding this approval have contributed to increased investor activity and interest.

The combination of technical innovation, institutional involvement, and regulatory speculation creates an environment conducive to further adoption and investment in the XRP Ledger. As the network continues to attract more daily users and large investors, it is poised to play a significant role in the global payments ecosystem. The growing confidence in the XRP Ledger's future, as evidenced by the record whale activity and daily user growth, suggests that the network is well-positioned for continued success and expansion.

In June, the XRP ecosystem experienced a notable surge in key metrics. Daily active addresses exceeded 295,000, well above the 35,000 to 40,000 average seen over the past three months. This sharp rise suggests broader usage of the XRP Ledger, driven by both retail participants and financially motivated players. The rising activity indicates that interest now comes not just from traders, but also from institutional entities using XRP for liquidity and cross-border transfers.

At the same time, the number of wallets holding at least 1 million XRP has reached 2,700 for the first time in the asset’s 12-year history. Each of these wallets holds roughly $2.25 million in value. This growth reflects increasing trust from institutional and high-net-worth investors, especially while other cryptocurrencies continue to see capital outflows. Adding to this, over $11 million in net inflows entered XRP investment products during the last week alone.

Canada will launch its first XRP ETF, managed by Purpose Investments, on June 18, 2025. This development complements XRP’s integration with the Lace wallet, built by developers from the Cardano ecosystem, and the growing interest in using Ripple’s RLUSD stablecoin for emerging DeFi products. There are also ongoing efforts to build bridges between Ethereum and the XRP Ledger, which could support interoperability and improve overall ecosystem liquidity.

Public companies like Worksport and VivoPower have already added XRP to their strategic reserve holdings. Additionally, market experts such as Fabian Dori, Chief Investment Officer at Sygnum Bank, point to clear signs of institutional readiness, citing the upcoming launch of XRP futures on the CME and potential ETF approvals for both XRP and Solana.

However, some indicators still show room for improvement. Total value locked (TVL) on the XRP Ledger remains around $60 million, and decentralized exchange volumes rarely exceed $100,000 per day. While XRP’s current role in DeFi is still limited, the ongoing developments suggest it may soon expand significantly with new capital inflows and innovative DeFi applications built on XRPL, driving further adoption.