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New XRP wallets increased by approximately 26,000 in a week, marking a 40% jump in growth. Amid the strongest wallet growth in three months, an analysis suggests that tokenized assets, institutional funds, and new investor inflows are simultaneously expanding.
According to The Crypto Basic, a cryptocurrency specialized media outlet, on July 8 (local time), on-chain data released by Evernorth showed that approximately 26,000 new XRP wallets were created in the week leading up to June 29. This represents an increase of about 40% compared to the previous week's approximately 18,400 wallets. The weekly increase in new wallets is the highest since March.
New wallets initially decreased from 18,100 at the beginning of June to 16,900, then recovered to 18,400. Subsequently, they jumped to 24,400 and further increased to approximately 26,000 by the last week of June. Evernorth stated that "on-chain adoption doesn't lie," suggesting that XRP may be in an accumulation phase or entering a broader expansion phase. The total number of XRP accounts has reached 7.98 million.
Tokenized assets on the XRP Ledger have also expanded. Evernorth reported that approximately $4 billion worth of tokenized real-world assets across more than 500 products are on the XRP Ledger. This is explained as being about four times larger than the entire XRP spot ETF market. It was also reported that a U.S. Treasury bond redemption transaction involving JPMorgan, Ondo, and Mastercard (MA) this year was settled on the XRP Ledger in approximately 4 seconds.
XRP spot ETFs have recorded net inflows for 8 consecutive weeks. With approximately $23 million flowing in during the last week of June, the cumulative net inflow increased to about $1.47 billion. Evernorth evaluated the increase in new wallets, the expansion of tokenized assets, and ETF fund inflows as a trend where different demands are growing simultaneously.
Evernorth stated, "Tokenized assets, institutional capital, and new wallets are all growing simultaneously," adding, "Three different demands are pointing in the same direction. This is what early adoption looks like up close." The Crypto Basic reported that the increase in new participants on the XRP Ledger is coinciding with the trend of growing institutional adoption and the expansion of tokenized asset issuance.
[Article Key Summary]
-New XRP wallets increased by approximately 26,000 in a week, a 40% increase from the previous week, marking the highest growth since March.
-The XRP Ledger holds approximately $4 billion worth of tokenized real-world assets across more than 500 products, and the total number of XRP accounts has reached 7.98 million.
-XRP spot ETFs recorded net inflows for 8 consecutive weeks, with cumulative net inflows increasing to approximately $1.47 billion.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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