A report published on the crypto research platform Messari has highlighted some major gains and key milestones achieved by Ripple and the XRP ledger in Q1 2022.
Red Sheehan, a researcher, educator, and Web3 developer authored the report.
Key Metrics Point to Ripple Growth
While Ripple Labs may be in the midst of a legal battle with the SEC, that doesn’t seem to have slowed the growth of its main products.
Activity on the XRP ledger has gone from strength to strength. In the first quarter of 2023, the number of daily active addresses increased by 13.9% compared to the previous quarter as the Ripple network added over 140,000 new XRP addresses.
In the same period, the number of daily transactions recorded on the XRP ledger grew by 10.7%.
The number of new addresses and daily active addresses are key metrics for measuring the adoption of any cryptocurrency. But for XRP, these figures obscure an even higher number of users….
