News - Ripple network reaches peak in active addresses

By Mike Hesp

Ripple network reaches peak in active addresses

Something is happening with Ripple. Not only has the price risen in recent days, but network activity has reached peak levels recently.

Address activity on the Ripple network has peaked for two consecutive days. This is according to data from the blockchain analytics platform Santiment. According to Santiment, the blockchain has reached a higher value only once before, on March 18, 2023. According to the data, the network registered 490,000 active addresses on May 28. A day later, the value was 280,000. Santiment calls this historic double peak a "milestone."

The original token of the Ripple Blockchain (XRP) managed to post price gains in recent days. At the time of writing, the cryptocurrency is trading at US$0.514.

Ripple is currently in litigation with the U.S. Securities and Exchange Commission (SEC). Brad Garlinghouse, CEO of Ripple, predicted an early end to the proceedings just a few days ago. The SEC accuses the network of trading with unregistered securities.

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