The XRP Ledger (XRPL) protocol has achieved yet another significant milestone, with the total number of active accounts surpassing the five million mark. This noteworthy development was shared by the well-known XRPL explorer, XRPScan, accompanied by a chart to substantiate the reported figures.
Fascinating Statistics from the XRP Ledger (XRPL)
As per the data provided by XRPL, the active addresses have reached 5,000,315, and the total available XRP supply is at 99,988,011,262 units. Out of this, 40,508,420,089 XRP is currently locked in escrow, while the circulating supply stands at 59,467,602,343 XRP.
The XRP Ledger continues to exhibit a bullish stance, supported by notable upgrades that enhance its overall usability and potential for positive growth. Contributing to these statistics and the historic milestone, XRPScan presented the widely recognized XRP rich list, highlighting the American blockchain payments firm Ripple Labs as the largest holder of the coin. Ripple Labs presently holds 5,000,000,000 XRP in escrow across eight addresses associated with the company.
Apart from Ripple Labs, other prominent entities like Binance Exchange, Uphold, Upbit, and Kraken also secure top positions as major holders of substantial XRP quantities. The endorsement of XRP by these trading platforms positions the asset and its underlying XRPL network for significant growth, as evidenced by the impressive count of active addresses.
Significant Changes Evident in Recent Upgrades
Striving to enhance the functionality of the XRP Ledger, the introduction of the Hooks protocol is set to transform the blockchain into a smart contract platform. Additionally, the emergence of new sidechains such as Xahau and Evernode (EVERS) is influencing sentiment within the community.
Despite XRP being a well-positioned digital currency, the XRP Ledger has not garnered as much recognition as its counterparts. The deliberate effort to upgrade the network with enhanced functionalities has become a focal point, drawing attention from users at large.