XRP Activity Rises Amid Stagnant User Growth and Treasury Deal Adjustments

The XRP network is experiencing rising activity, but despite this growth, new user adoption remains stagnant.

According to Santiment data, active addresses on the XRP network have averaged around 35,700 per day in August, compared to approximately 26,400 in July.

This increase in activity is largely driven by existing users rather than an influx of new participants, as new-user growth remains steady at around 2,260 per day this month versus 2,270 in July.

In related news, Evernorth has adjusted its XRP treasury deal with Armada II due to the significant drop in XRP's price. The company will now adjust the share count based on XRP's value at closing, effectively shifting towards volume-weighted pricing for investor share issuance.