The XRP Ledger (XRPL) ecosystem is experiencing a significant on-chain transformation in June, driven by surging investor interest and growing institutional adoption. Recent data highlights record-breaking activity across the network, signaling renewed confidence in XRP as a strategic digital asset.
Record-Breaking On-Chain Activity in June
On-chain analytics from Santiment reveal a dramatic spike in daily active XRP addresses, with numbers surpassing 295,000 over the past week. This represents a substantial leap from the average of 35,000–40,000 active addresses per day observed over the previous three months.
👉 Discover how network activity reflects real-world adoption trends.
Such a surge underscores increased usage of the XRP Ledger, likely fueled by heightened trading activity, wallet interactions, and broader market engagement. A growing number of users interacting with the network suggests that XRP is regaining momentum within the crypto community.
Even more telling is the rise in whale wallets—addresses holding at least 1 million XRP. This figure has now crossed 2,700, setting a new all-time high in XRP’s 12-year history. At current valuations, each of these wallets holds approximately $2.25 million worth of XRP.
This accumulation trend points to strong conviction among high-net-worth individuals and institutional-grade investors. The increasing concentration of supply in fewer, larger hands often precedes periods of price stability or upward movement, as whales are less likely to engage in short-term speculative selling.
Additionally, BeInCrypto’s recent analysis confirms that XRP attracted $11.8 million in net inflows last week, reversing a three-week streak of outflows. This shift could indicate that investors are repositioning their portfolios amid favorable macro conditions and positive ecosystem developments.
Institutional Adoption Gains Momentum
Beyond retail interest, institutional players are increasingly recognizing XRP’s potential as both a settlement asset and a treasury reserve instrument.
One of the most significant developments comes from Purpose Investments, which is set to launch Canada’s first XRP ETF on June 18. This milestone marks a pivotal moment for regulatory acceptance and financial integration of XRP in traditional markets. Exchange-traded funds provide a compliant, accessible avenue for institutional and retail investors alike, further legitimizing XRP’s role in modern finance.
Publicly listed companies are also making strategic moves. Firms like Worksport and VivoPower have added XRP to their corporate treasuries as part of broader cryptocurrency adoption strategies aimed at hedging against inflation and diversifying asset holdings.
“The CME’s launch of XRP futures in 2025 and potential ETF approvals for XRP and SOL indicate institutional readiness to move further out on the risk curve,” said Fabian Dori, Chief Investment Officer at digital asset bank Sygnum.
These developments reflect a broader trend: established financial institutions are no longer viewing crypto as speculative noise but as a viable component of long-term investment portfolios.
Strategic Ecosystem Integrations Boost Utility
Beyond investment appeal, XRP’s utility is expanding through key technological integrations.
Charles Hoskinson, founder of Cardano, recently confirmed that the Cardano network is advancing plans to integrate with the XRP ecosystem. This includes enabling Lace wallet support for XRP, allowing seamless cross-chain interactions. Additionally, teams are exploring XRP-based DeFi solutions, including Ripple’s RLUSD stablecoin, which could unlock new use cases in decentralized lending, payments, and liquidity provision.
While still early, such collaborations enhance interoperability and position XRPL as a participant in the broader Web3 infrastructure—not just a payment rail.
However, despite these promising developments, DeFi activity on XRPL remains limited.
According to DeFiLlama, the total value locked (TVL) on XRPL sits around $60 million**, unchanged since September 2024. Daily decentralized exchange (DEX) volume also lags behind, averaging under **$100,000.
These figures highlight a critical gap: while investor interest soars, actual decentralized financial activity has yet to catch up. For XRPL to compete with ecosystems like Ethereum or Solana in DeFi, it must attract more developers, yield opportunities, and user-facing applications.
👉 See how leading blockchains are scaling DeFi adoption today.
Core Keywords Driving Visibility
To align with search intent and improve discoverability, this article integrates the following core keywords naturally throughout:
- XRP
- XRP Ledger
- whale wallets
- institutional adoption
- XRP ETF
- on-chain data
- DeFi on XRPL
- XRP price
These terms reflect what users are actively searching for—ranging from technical metrics to investment outlooks—and ensure relevance across multiple query types.
Frequently Asked Questions (FAQ)
Q: What defines an XRP whale wallet?
A: An XRP whale wallet is typically defined as an address holding at least 1 million XRP. These wallets are closely monitored as indicators of large-scale investor confidence.
Q: Why is the rise in whale wallets significant?
A: Increased whale accumulation often signals long-term bullish sentiment. When large holders buy and hold, it reduces circulating supply and can contribute to price appreciation over time.
Q: Is XRP available in ETF form?
A: As of June 2025, Canada is launching its first XRP ETF through Purpose Investments, marking a major step toward mainstream financial inclusion for the asset.
Q: How does on-chain activity affect XRP’s price?
A: Higher daily active addresses suggest growing network usage, which can correlate with increased demand and upward price pressure if sustained.
Q: Can you use XRP for DeFi?
A: While possible through emerging projects and integrations like RLUSD, DeFi on XRPL is still underdeveloped compared to other blockchains. TVL and DEX volumes remain low.
Q: Are institutions buying XRP?
A: Yes—public companies like Worksport and VivoPower have added XRP to their treasuries, and financial instruments like futures and ETFs are paving the way for wider institutional access.
👉 Explore how top investors analyze digital assets before entering positions.
Final Outlook
June has proven to be a pivotal month for XRP. With whale accumulation hitting record levels, on-chain activity spiking, and institutional interest solidifying through ETFs and corporate treasury allocations, the narrative around XRP is shifting.
While challenges remain—particularly in expanding DeFi utility and developer engagement—the fundamentals suggest growing confidence in the asset’s long-term viability.
As traditional finance continues to embrace digital assets, XRP stands at the intersection of innovation, regulation, and real-world application. Whether through faster cross-border payments or integration into broader financial products, its role appears poised for expansion.
For investors and enthusiasts alike, monitoring on-chain trends, regulatory milestones, and ecosystem partnerships will be key to understanding XRP’s next phase of growth.