The XRP Ledger (XRPL) has crossed 7.18 million registered addresses, marking a major adoption milestone.
At the same time, Canada’s 3iQ XRP ETF has surged past $50 million in assets under management, signaling growing institutional confidence in the XRP ecosystem.
Rising Institutional & Developer Engagement
Over the past year, the XRP Ledger has drawn increasing interest from financial institutions and developers. Coinbase's launch of XRP futures and rising volumes on regulated exchanges like the CME Group to the tune of $542 million in the first month have created a robust framework for large-scale adoption.
Meanwhile, the XRP ecosystem has expanded as developers launch new payment rails, decentralized finance (DeFi) platforms, and non-fungible tokens (NFT) marketplaces on XRPL, driving both on‑chain transfers and address registration.
Source: CryptoQuant
Higher Token Utility & Consumer Awareness
The migration of XRP into new use cases, such as cross-border payments, remittances, and even strategic crypto reserves, has fueled public and institutional awareness. Notably, XRP was included alongside Bitcoin, Ethereum, Solana, and Cardano in a U.S. national crypto reserve plan announced in early 2025.
Such high-profile validation has likely inspired both retail and corporate users to explore XRPL, leading to a growing base of unique addresses.
UX Improvements & Wallet Launches
There has been a surge of user-friendly wallet apps tailored for XRPL—including mobile, desktop, and embeddable non‑custodial options. This proliferation, along with simplified KYC processes by exchanges and fiat-on-ramp platforms, lowered barriers, helping onboard millions of new users.
Demand for XRP ETF Skyrockets in Canada
Canada’s largest XRP-focused ETF continues to witness soaring demand with asset under management (AUM) breaching $50 million.
Taking on X, formerly Twitter, 3iQ Digital Asset Management, pointed out, “We are proud to announce that our XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest XRP ETF, has accumulated over 50 million USD in client assets since its launch on June 18th.”
According to Pascal St-Jean, the 3iQ XRP ETF president and CEO, this milestone underscores rising demand for digital assets, as both retail and institutional investors seek smarter allocations.
He added that its 0% launch management fee and ETF flexibility stand in sharp contrast to the high premiums of earlier crypto funds, making it a compelling choice for cost-conscious investors.
Notably, 3iQ wowed investors by waiving its management fee for the first six months, making XRPQ one of the most competitively priced crypto ETFs in North America.
This aggressive pricing lowered the barrier to entry for retail and institutional investors alike.
Furthermore, the 3iQ launch capitalized on Canada’s position as a progressive hub for spot crypto ETFs, joining Purpose Investments, which debuted its own XRP vehicle concurrently.
Conclusion
The impressive AUM milestone not only validates 3iQ’s strategy, but also signals a broader trend, which is a shift toward regulated, cost‑efficient crypto investing.
With regulatory skies clearing and institutional legitimacy increasing, the XRP ETF model may soon become a blueprint for future crypto investment vehicles, paving the way for broader adoption far beyond Canada’s borders.
Additionally, the combination of institutional engagement, increased transaction volume, new on‑chain products, and active whale movements has created a self-reinforcing loop for the XRP Ledger.
As developers continue building new services, especially around payments and tokenized assets, and regulators embrace XRP’s liquidity and utility, both address counts and on‑chain usage are set for further expansion as XRPL and XRP ETFs take center stage.
