XRPL Network Sees Four-Fold Increase in New Accounts in September

In September, the number of new accounts created on the XRPL network reached four times its previous level at around 11,432.

This represents a significant increase from the average of approximately 2,700 new accounts per month over the past 30 days.

The surge in activity was accompanied by a rise in the price of XRP to $1.65 before it dropped back down to $1.46.

The cause of this sudden increase in activity is not clear from the available data, and its sustainability is being closely monitored.