The XRP Ledger (XRPL) recorded a gentle rise in community metrics through the third quarter of 2025, in accordance with a brand new report by Messari.
The information exhibits that community utilization and exercise strengthened throughout a number of indicators, amid rising engagement from customers and builders.
Transactions, Wallets, and NFTs on XRP Ledger
Common every day transactions on the XRPL elevated 8.9% quarter-over-quarter, rising from 1.6 million in Q2 to 1.8 million in Q3. Equally, common every day energetic sender addresses climbed 15.4% from 21,900 to 25,300, whereas complete new addresses surged 46.3% to 447,200. The entire variety of addresses on the community additionally grew 6.1% to achieve 6.9 million.
Messari discovered that for the fifth consecutive quarter, energetic receiver addresses outnumbered energetic sender addresses. Nevertheless, common every day receivers declined 30.1% throughout the identical interval from 72,000 to 50,300. The report defined that when receiver addresses exceed sender addresses, it usually factors to distribution occasions like airdrops, the place many beforehand inactive wallets obtain tokens from a smaller group of senders.
Airdrops have been a notable issue this quarter. Midnight, a privacy-focused sidechain within the Cardano ecosystem, carried out a snapshot in June for its NIGHT token airdrop, which included XRPL customers holding greater than $100 value of XRP. The declare interval ran from August 5 to October 4.
NFT exercise was one other vital progress space. Common every day NFT transactions jumped 51.1% quarter-over-quarter, surging from 50,400 to 76,100. The rise was largely pushed by a 70.8% surge in common every day NFT mint transactions, which climbed from 37,800 to 64,600. Different NFT transaction varieties remained comparatively secure over the quarter.
Debate Over XRP’s Actual Utility Heats Up
XRP Ledger’s native token, XRP, ended the third quarter on a robust be aware because it closed at an all-time excessive of $2.85, up 27.2% quarter-over-quarter. Its circulating market capitalization rose 29% to $170.3 billion, outperforming the mixed 13.3% acquire in market cap posted by Bitcoin, Ethereum, and Solana over the identical interval.
Nevertheless, the token’s momentum cooled in October as broader market sentiment turned unfavourable following hawkish alerts from the US Federal Reserve. XRP slipped by 12% over the previous month to round $2.50 amid heavy promoting strain.
The current downturn additionally reignited debate round XRP’s real-world utility. Crypto analyst Scott Melker, referred to as “The Wolf of All Streets,” questioned the token’s present position, including that main monetary corporations like SWIFT and Western Union are turning to different fee networks. Whereas some neighborhood members defended XRP as a “impartial bridge foreign money” for cross-border transfers, others criticized Melker’s stance. Melker acknowledged its technical strengths however remained skeptical about its long-term worth.
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