The XRP Ledger network reports a significant increase in blockchain activity, with the number of newly created accounts rising by 535.2% to 2,900. Meanwhile, the number of active accounts increased by 218.1% to 15,300. However, the number of unique users who regularly conducted transactions decreased by 70.6% to 140,000, which may indicate a concentration of activity in a smaller but more active group of users. Additionally, transaction metrics show similarly positive results: successful transactions increased by 80.8% to 1.7 million, and the total number of transactions rose by 138.7% to 2.4 million. Of particular note is the growth in the number of payments, which increased by 108.9% to 1.2 million. The network's throughput also increased significantly, with the number of closed ledgers growing by 288% to 20,400, although the number of transactions per ledger fell by 38.5% to 116.47. This corresponds to faster ledger closing times and a redistribution of load into smaller batches.
The overall speed of record-keeping remained almost unchanged, increasing by only 0.1% to 389 seconds. The volume of funds passing through the network also increased significantly: the volume of payments rose by 894.3%, amounting to approximately 704.2 million XRP, and token burning due to network fees increased by 225.7% to 300.3 XRP. This is due to increased transaction throughput, as a small fee is burned with each transaction in the XRP Ledger.
The increased activity is observed in the context of XRP's recovery. The XRP/USD rate showed a sharp change at the end of August, rising from approximately $1.05 to nearly $1.70 within a day, before consolidating after a prolonged downtrend in the second and third quarters. After reaching highs around $1.65, the price rose again above its key moving averages, last trading around $1.53. Thus, the increase in the number of new accounts, payment volume, and token burning indicates a significant increase in network usage, although the decrease in the number of active users raises questions about whether this expansion is the result of growth among a smaller number of users rather than a general increase in the user base.
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