XRP records record growth in users and 'shark' wallets.
The number of active XRP addresses has increased 7 times.
According to a new report from blockchain analytics company Santiment, the XRP Ledger network is experiencing unprecedented strong growth.
Over the past week, an average of more than 295,000 unique XRP wallet addresses have been active daily, nearly 7 times the average of 35,000-40,000 addresses/day in the previous three months.
This shows that the level of acceptance and use of XRP is significantly increasing.
More than 2,700 large wallets hold 1 million XRP or more.
In addition to the surge in user numbers, for the first time in over 12 years, the number of 'shark' and 'whale' wallets holding 1 million XRP has exceeded 2,700 wallets.
This is seen as a signal that long-term confidence in the value and applicability of the XRP network is spreading among major investors.
Santiment considers this a significant milestone in the expansion of the XRP ecosystem.
XRP ETF launched in Canada, adding momentum to development.
Another notable development is that Purpose Investments is preparing to launch an XRP spot ETF on the Toronto Stock Exchange on June 18.
This ETF will have three versions: Canadian dollar hedged (XRPP), unhedged (XRPP.B), and US dollar denominated (XRPP.U).
All three are eligible for investment through registered retirement and savings accounts in Canada, opening up easier access to XRP for traditional investors.
