With XRP's strong price increase in July, its ecosystem also set several notable records.
These records may indicate a turning point for XRP. They also reinforce the fundamental growth momentum of altcoins. What are those factors? This article analyzes them in detail.
XRP Ecosystem Achieves New Records in July
The first and clearest sign of XRP's growth is the number of new accounts activated on XRPL. According to XRPScan data, on July 18th, the number of new accounts exceeded 10,000, recording the highest daily total since February.
While this number did not exceed the daily record of 30,000 in December 2024, it steadily increased throughout July. This trend shows that XRP is attracting new investors. Many may become long-term holders.
Additionally, the number of daily active wallet addresses exceeded 50,500, a 100% increase compared to the previous month and the highest since February.
Another notable record is the Total Value Locked (TVL) on XRPL, recently surpassing $92 million and reaching an all-time high. Most of the growth came from the decentralized exchange (DEX) on XRPL.
This figure is modest compared to the TVL of other blockchains. However, it marks the first breakthrough after nearly a year of stagnation.
Moreover, the official launch of Ripple's XRPL EVM sidechain mainnet in early July created opportunities to lock value in new liquidity pools. This directly contributed to increasing the DEX's TVL.
1/ Momentum is building on the XRPL EVM Sidechain. 🧵👇
— RippleX (@RippleXDev) July 16, 2025
Early activity was concentrated around launch day, which saw 800+ contracts deployed and 600+ new accounts created.
Current stats:
➡️ 1,300+ smart contracts deployed
➡️ 17,000+ addresses participated
➡️ 160+ tokens launched pic.twitter.com/EbCIG1ZSpB
XRP Market Share Breaks 5%
Lastly, the XRP Dominance (XRP.D) index exceeded 5%, approaching the highest level in 2025 and potentially rising further.
This index reflects investors' priority for XRP relative to the total cryptocurrency market capitalization.
Some investors expect XRP.D to reach 15% in 2025. Others hope it could rise to 30% as in 2017. All these indicators point to one thing: new capital is flowing into XRP.
With a market capitalization exceeding $211 billion, XRP now ranks 78th in global market capitalization, surpassing Shell, Blackstone, and Siemens.
However, according to a recent BeInCrypto analysis, XRP futures have reached an all-time high. Simultaneously, signs of short-term profit-taking have appeared. This could lead to a short-term liquidation risk for excessive leverage positions.
