[DigitalToday reporter Jinju Hong (홍진주)] The weekly number of new wallets on the XRP Ledger (XRPL) rose to its highest level in three months, showing signs of a rebound in network activity. Analysis also suggests the XRP ecosystem could be entering an expansion phase, with inflows not only from individual users but also from growth in tokenised assets and fund inflows into spot exchange-traded funds.

On July 8 (local time), blockchain media outlet Decrypt reported that on-chain data firm Evernode said about 26,000 new wallets were created on the XRP Ledger in the week ended June 29. That was about 40 percent more than about 18,400 the previous week and the highest figure in the past three months.

The rise in new wallets showed a steady recovery trend in June. The number was about 18,100 in early June and fell at one point to 16,900, but then rose to 18,400 and 24,400 before increasing to 26,000 at the end of the month.

Evernode interpreted this as a signal of broader network participation rather than a simple temporary increase. The company said, "On-chain adoption does not lie," adding, "XRP may currently be in an accumulation phase or may be entering a bigger growth stage."

Along with the rise in new users, the total number of XRP accounts is also steadily expanding. The total number of accounts on the XRP Ledger is currently estimated at about 7.98 million. XRP Rich List data also showed the total number of wallets rising steadily over the past year from about 6.6 million to close to 8 million.

Institutional use cases are also increasing. Evernode said the scale of real-world assets (RWA) operated on the XRP Ledger is about $4 billion, with more than 500 products using them. The company analysed that the size of tokenised assets on the XRP Ledger is about 4 times larger than the current spot XRP ETF market.

Use cases are also emerging in the financial sector. Evernode introduced an example in which a U.S. Treasury redemption transaction involving JP Morgan, Ondo Finance and Mastercard earlier this year was processed on the XRP Ledger in about 4 seconds. This is seen as an example showing the XRP Ledger is widening its potential use as infrastructure for inter-institution payments and asset settlement.

A positive trend is also continuing in the ETF market. Evernode said U.S. spot XRP ETFs recorded net inflows for 8 straight weeks, with about $23 million added in the final week of June alone. Cumulative net inflows since launch amount to about $1.47 billion.

Evernode noted that the rise in new wallets, expansion of tokenised assets and inflows of institutional funds are happening simultaneously. The company said, "Tokenised assets, institutional funds and new wallets are all moving in the same direction," adding, "This is a typical pattern seen when early network adoption expands."

The market is placing significance on signs that the demand base for XRP is gradually diversifying from individual investors to institutional use and investment in financial products. Attention is focusing on whether the XRP Ledger can enter a full-fledged growth phase beyond a short-term rebound if the rise in new wallets, expanding institutional use and ETF fund inflows continue together.