The XRP Ledger (XRP) has demonstrated strong adoption momentum, with key metrics highlighting growing interest in Ripple's cryptocurrency. As of October 2023, the market capitalization of XRP surged by $12 billion year-to-date, marking a 73% growth in 2023.
XRP Ownership Metrics
- Total Addresses Holding ≥1 XRP: 4.82 million (as of October 27, 2023).
- Average Annual Growth (2012–2023): ~438,180 new addresses per year.
- Top 10 Addresses: Control 11% of XRP's circulating supply (~$3.24 billion).
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Key Insights
- Pseudonymous Nature: Since the XRP Ledger is pseudonymous, one individual can manage multiple addresses, making it impossible to determine exact ownership figures.
- Historical Growth: Wallet creation accelerated post-2018, peaking in 2021 before stabilizing at 4.82 million addresses.
- Market Capitalization vs. GDP: XRP’s $29.48B market cap surpasses Afghanistan’s GDP ($14.79B).
FAQs
1. How accurate is the 4.82M addresses figure?
The data reflects wallets holding ≥1 XRP but doesn’t account for duplicate ownership.
2. Who are the largest XRP holders?
Ripple and exchanges dominate the top 10 addresses, collectively holding $3.24B in XRP.
3. Can XRP ownership grow further?
Yes, with increasing institutional adoption and utility in cross-border payments.
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Final Notes
While 4.82 million addresses own XRP, the actual number of unique holders remains speculative. The ledger’s capitalization ($29.48B) underscores its significance in the crypto ecosystem—far exceeding the GDP of small nations.
Data sources: Santiment, CoinCarp.
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