Ripple Ledger Sees Surge in Activity Without New User Growth

XRP's on-chain activity has surged in August, with its ledger processing over $1.2 billion in stablecoins and averaging 35,700 daily active addresses.

This increase is unusual since it doesn't seem to be attracting new users, with only a slight rise in new-address creation.

Rising active addresses can indicate increased trading or shuffling of XRP between exchanges or applications, rather than fresh capital entering the ecosystem.