XRP Ledger Trading Concentrates Among Fewer Active Accounts

The XRP Ledger saw a significant shift in trading activity during the second quarter. According to quarterly data shared by Evernorth, an XRP treasury company preparing for Nasdaq listing, order-book trading averaged 3.57 million XRP per day, up 79% from a year earlier.

This growth was concentrated among a smaller pool of active accounts, with the number of accounts initiating trades falling to about 1,100 per day from more than 1,860. As a result, average trading activity reached roughly 3,200 XRP per active account each day, almost three times the 1,070 XRP recorded a year earlier.

The data also showed that order-book activity accounted for 81% of decentralized exchange (DEX) trading during the quarter, up from 54% a year earlier. This trend is notable, as overall DEX volume averaged 4.42 million XRP per day, about 20% higher than a year ago.

In contrast to the growth in trading activity, accounts transacting on the XRP Ledger averaged about 16,600 per day, down 24% from a year earlier. New account creation also fell by 25% to roughly 2,800 per day.