Active XRP Ledger addresses down 80% since December

The number of unique active addresses on the XRP Ledger (XRPL) has plummeted by 80% since December, according to data from CryptoQuant.

Specifically, the number of addresses transacting on-chain has dropped from 103,000 on December 3 to fewer than 21,000 on Sunday.

Unique active addresses are a way to track user engagement with the Ripple-supported XRP blockchain.

Major changes to blockchain usage can indicate changes in market sentiment, and active addresses — wallets that actually send or receive transactions on-chain — are a key metric for measuring blockchain network health and adoption.

The number of addresses transacting on-chain has dropped from 103,000 to fewer than 21,000.

Read more: Ripple played Trump to pump XRP — now he’s cutting ties

Unlike total addresses, which sums all wallets ever created, active addresses actually sent or received a transaction on the XRP Ledger within a rolling 24-hour period.

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