The XRP Ledger just posted more than 215,000 daily active addresses for the first time since March, a notable rebound in day-to-day network usage even as sentiment around major tokens remains subdued. Daily active addresses track how many unique wallets send, receive, or otherwise interact with the network over 24 hours. It is not a perfect headcount of people, since one user can control several wallets, but it is still a widely watched gauge of how busy a blockchain is.
The move points to a pickup in real on-chain activity, not just a swing in market mood. Broader operational use on the XRP Ledger has been building even while token performance has lagged. Back in March, the network was clearing more than 2.7 million successful payments a day, automated market maker pools were nearing 27,000, and tokenized real-world asset value had reached about $461 million.
So the more interesting read here is not simply that usage is rising again. It is that XRP now has a growing gap between what the ledger is doing and how the token is trading, and if that gap keeps widening, investors will eventually have to decide whether the market has been underpricing the network’s actual activity.