On-chain data shows XRP has witnessed a huge wave of wallet creation recently, indicating an influx of users has occurred on the network.

XRP Network Growth Metric Has Spiked Recently

According to data from on-chain analytics firm Santiment , XRP has seen a huge spike in its Network Growth recently. This indicator keeps track of the daily total amount of addresses coming online on the blockchain for the first time.

A wallet is “online” on the network when it participates in some kind of transaction activity. As such, the addresses coming online for the first time would be those making their first transaction.

When the value of the Network Growth is high, it means a large number of addresses are joining the network. Such a trend can arise due to a number of reasons. New investors co

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