With over five million active accounts on the network, the XRP Ledger (XRPL) protocol has achieved yet another significant milestone. This insight was given by the well-known XRPL explorer XRPScan, who also provided an accompanying graphic to support the reported data.
Intriguing XRP Ledger (XRPL) stats
The XRPL released statistics showing that there are 5,0315 active addresses and a total of 99,988,011,262 units of XRP supply available. Out of this amount, 40,508,420,089 XRP are still in escrow because the circulating supply is now valued at 59,467,602,343 XRP.
XRP Ledger has every reason to continue its optimistic activity because it has made several encouraging updates that should improve its overall usefulness and potential for further development.
In addition to releasing the notorious XRP wealthy list, which identifies the American blockchain payments company as the biggest coin holder, XRPScan also contributed to the figures that marked the historic milestone. Up to $5,000,0000,0000 worth of XRP is now held in escrow by Ripple Labs at about eight addresses connected to the business.
Along with Ripple Labs, the top companies with massive amounts of XRP held by Binance Exchange Uphold, Upbit, and Kraken. These trading platforms’ adoption of XRP presents the asset and the underlying XRPL network with an enormous growth potential, as seen by the astounding number of active addresses.
Upgrades making difference
The Hooks protocol will turn the blockchain into a smart contract outfit that has been established in an effort to make the XRP Ledger more useful. Newer sidechains like Xahau and Evernode (EVERS) are also changing opinion in various ways.
XRP is a highly regarded digital currency, however in comparison to its competitors, XRP Ledger is less well-known. Users have been drawn to the network as a whole by the deliberate decision to enhance it with new features.
