thecryptobasic.com
New wallet creation on the $XRP Ledger reached its highest level since March during the final week of June.
The increase adds to signs of rising network activity alongside growing institutional adoption and tokenized asset issuance.
According to on-chain data shared by Evernorth, about 26,000 new $XRP wallets were created in the week ending June 29. That was up roughly 40% from around 18,400 the previous week.
It marked the strongest weekly wallet growth since March and suggests renewed interest in the $XRP ecosystem.
XRPL Network Activity
Notably, new wallet creation trended higher throughout June. Weekly additions rose from 18,100 at the start of the month before dipping to 16,900. They then recovered to 18,400, jumped to 24,400, and reached about 26,000 in the final full week of the month.
Evernorth said the surge shows that “on-chain adoption doesn’t lie.” The firm suggested the trend could indicate $XRP is either in an accumulation phase or entering a broader expansion cycle.
Amid the sharp increase in new participants joining the $XRP network, the total number of $XRP accounts has reached 7.98 million. Data from the $XRP Rich List confirms a steady rise in the number of $XRP wallets over the past year, increasing from around 6.6 million to nearly 8 million.
Tokenized Assets Top $4B on $XRP Ledger
Beyond wallet growth, Evernorth highlighted rising institutional use of the $XRP Ledger. The firm said about $4 billion in tokenized real-world assets (RWAs) now reside on XRPL across more than 500 products.
According to Evernorth, that makes the network’s tokenized asset market roughly four times larger than the entire $XRP ETF market.
The company also pointed to growing institutional adoption. Earlier this year, a Treasury redemption involving JPMorgan, Ondo, and Mastercard reportedly settled on the $XRP Ledger in about four seconds, based on statements from the participating companies.
ETF Inflows Support Adoption
Evernorth also highlighted continued demand through spot $XRP exchange-traded funds. The firm said spot $XRP ETFs recorded net inflows for eight consecutive weeks. They attracted about $23 million during the final week of June, bringing cumulative net inflows to roughly $1.47 billion.
According to Evernorth, the combination of rising wallet creation, expanding tokenized assets, and steady ETF inflows points to multiple sources of demand emerging at the same time.
“Tokenized assets, institutional capital, and new wallets, all growing at once,” Evernorth said. “Three different forms of demand, pointing the same way. This is what early adoption looks like up close.”