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XRPL Account Growth Skyrockets Amid Rising Optimism in the Community

28.05.2023
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XRPL Account Growth Skyrockets Amid Rising Optimism in the Community

  • XRPL accounts cross 5 million.
  • The combined XRP holdings across all accounts stand at 57.7 billion XRP.
  • The ongoing Ripple vs. SEC lawsuit is poised to conclude soon.

Thomas Silkjaer, the head of analytics and compliance at the XRP Ledger Foundation (XRPLF), recently shared on Twitter that XRPL has achieved a noteworthy milestone. The number of activated accounts on the XRP Ledger has reached five million. Silkjaer conducted an analysis of the XRPL statistics and confirmed the attainment of this milestone.

Ran some fresh stats on the XRPL, as we have crossed the 5M account mark.
Only 4.7M exists at this moment, but as the stats were made a few days ago, 5.002.458 had been active over time.

— Thomas Silkjær (@Silkjaer) May 26, 2023

Recent XRPL analytics reveals interesting figures

According to Thomas Silkjaer, as per the statistics logged a few days ago, there were 5,002,458 active accounts on the XRP Ledger, while the total number of accounts currently stands at 4,706,050.

These figures are tracked by XRP Ledger Services. The combined XRP holdings across all accounts amount to approximately 57.7 billion XRP. It is worth noting that only 1,035 accounts have a balance of zero XRP. Silkjaer clarifies that although the ledger reports 4.7 million accounts, the actual number of activated accounts on the XRP Ledger is five million.

The XRP Ledger has achieved another notable milestone by closing 80 million ledgers over a span of more than 10 years. Presently, the ledger count stands at 80,037,448.

The XRP Ledger just closed 80 million ledgers (in about 10.5 years). Thank you to all network participants for your contributions. pic.twitter.com/bFgiaTHIXg

— XRPScan (@xrpscan) May 24, 2023

This accomplishment has generated a sense of optimism within the XRP ecosystem. Ripple CEO Brad Garlinghouse has made a confident prediction regarding the resolution of the ongoing lawsuit, stating that it could be concluded in “weeks” rather than “months.”

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

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