XRP and Uniswap Networks Witness Remarkable Growth

full version at beincrypto

XRP and Uniswap have demonstrated a considerable increase in the number of new addresses.

This growth reflects heightened investor interest and expanding market activity.

XRP and Uniswap See Significant Increase

Ripple’s XRP has experienced a 7% increase in non-empty addresses in the past six months, rising to 5.2 million. According to on-chain analytics firm Santiment, this uptick might reflect a broader acceptance of XRP as a mainstream financial asset, drawing new and seasoned investors into its ecosystem.

This growth is corroborated by the XRP Ledger, with a staggering 59.77 billion XRP held within these addresses. Interestingly, only a tiny fraction of these addresses, about 1,939, show zero balances.

On the other hand, Uniswap has also seen a staggering 140% increase in new addresses over the past year. It now stands at 7.26 million addresses, up from 3.03 million in May 2023.

“Uniswap wallets more than doubled in the past year! That’s a 140% increase from 3.03 million in May 2023 to 7.26 million in May 2024. This surge coincides with Uniswap surpassing a historic $2 trillion in cumulative trading volume in early April.” a crypto community leader said.

Non-Empty Wallets on the Network. Source: Santiment

Uniswap leads in trading volume and holds the title for the most significant total value locked, with $5.31 billion. It is significantly outpacing its nearest competitor, PancakeSwap. However, this success comes amidst increased scrutiny from regulatory bodies like the US Securities and Exchange Commission.