#XRP Sees Q1 Growth While #BTC , #ETH , #sol Market Caps Fall

In the first quarter of 2025, XRP’s market capitalization grew by 1.9%, reaching $121.6 billion, while the combined market cap of bitcoin, ethereum, and solana fell by 22%. All network metrics for XRP improved for the second consecutive quarter, with average daily active addresses increasing by 142% to 134,600.

XRP Metrics Improve for Second Consecutive Quarter

XRP’s market capitalization remained nearly flat in the first quarter of 2025, growing by just 1.9%, according to the latest Messari XRP Ledger Q1 2025 report. However, it still outperformed the combined market cap of bitcoin ( BTC), ethereum ( ETH), and solana ( SOL), which declined by 22% quarter over quarter (QoQ).

With this marginal increase, XRP’s market cap rose to $121.6 billion, maintaining its position as the fourth-largest digital asset. For context, XRP’s market capitalization at the end of Q1 2024 stood at $34.6 billion.

Despite its modest market cap growth, XRP saw all measured network metrics improve for the second consecutive quarter. Among the most notable, average daily active addresses surged by 142% QoQ to 134,600, indicating an increase in both new and existing users, according to Messari. Total new addresses grew 12% to 568,300, marking a 210% year-over-year (YoY) increase from 183,200 in Q1 2024.

Meanwhile, active receiver addresses, which provide insight into network demand and adoption, continued their upward trajectory, growing 168% from 47,700 to 127,800. By contrast, average daily senders increased by just 14.5%, from 30,000 to 34,300. Messari suggests this discrepancy may indicate that more previously inactive wallets received tokens than there were senders distributing them.