The $XRP Ledger (XRPL) has officially crossed the 8 million activated accounts milestone for the first time in history.
The latest milestone confirms that the $XRP ecosystem’s user base continues to grow despite the difficult market conditions that have dampened investor sentiment since Q4 2025.
At the time of writing, the number of activated wallets had reached 8,000,688, with 688 new accounts added after the network crossed the 8 million mark earlier in the day.
Data from XRPScan also shows that these 8,000,688 activated wallets currently hold 67.526 billion $XRP, which represents the circulating supply of the token.
For context, The Crypto Basic previously reported that $XRP wallets had already exceeded 8 million in the past, but those figures counted every wallet ever created, including ones that had later been deleted.
The latest achievement only counts activated wallets, making this the first time the $XRP Ledger has officially reached 8 million active accounts.
New $XRP Wallet Growth Slows as Market Weakness Continues
The milestone comes even though the pace of new wallet creation on the $XRP Ledger has slowed in recent months.
Since March 2026, the network has averaged about 2,300 new accounts each day. However, it is important to note that there were a few stronger days, including 8,817 new wallets on March 19, 4,131 on May 29, and 6,221 on June 30.
The recent daily average of 2,300 is lower than the roughly 3,000 new wallets the network added each day between January and March 2026.
This slowdown comes as a result of $XRP’s recent price performance. Since reaching its all-time high of $3.60 in July 2025, the cryptocurrency has fallen by more than 70% and now trades at around $1.10.
The broader market downturn has also weighed on investor confidence. As prices continued to struggle, fewer new participants joined the $XRP Ledger, leading to a slower rate of wallet creation than the network recorded during stronger market conditions.
During Q4 2025, when $XRP had only recently started its decline, the $XRP Ledger still averaged around 4,000 new wallets every day. The network performed even better in Q3 2025, when it added roughly 4,800 new accounts each day.
Compared with that period, the current daily average of 2,300 new wallets represents a 52% drop from the Q3 2025 level. Despite the decline, the network has continued to add new users, allowing the total number of activated wallets to gradually move beyond the 8 million milestone.
Wallet Growth Remains Positive Despite Slower Momentum
Meanwhile, data from a community-driven Rich List resource provides more context on the network’s progress this year.
According to the figures, the $XRP Ledger started the year with 7,466,236 wallets. Since then, it has added roughly 534,000 wallets, pushing the total above the 8 million mark.
Although this represents healthy growth, it falls short of last year’s performance. By the same point last year, the number of wallets had increased from 5,826,977 to 6,689,454, an increase of 862,477 wallets.
The difference is largely due to changing market conditions. At this point last year, $XRP was climbing toward a new all-time high. This year, however, the asset has dropped 70% below its $3.60 peak, and this has impacted the pace of new wallet creation.
So far in July, the $XRP Ledger has added only 29,000 new wallets. At the same point in June, it had added 32,000 wallets, while the comparable period in May recorded 34,000. This shows that wallet creation has slowed not only compared with last year but also from one month to the next throughout this year.
However, participation across the $XRP Ledger remains consistent. While the community celebrates the network’s first 8 million activated accounts, most continue to watch for a recovery in wallet creation. A stronger $XRP price could encourage more users to join the network and help restore the faster growth seen during previous market rallies.