The XRP Ledger (XRPL), which uses XRP as its native token, has experienced a steady growth in addresses during the first quarter (Q1) of 2026, thereby reaching a new all-time high (ATH) as of April 2.

Since the beginning of 2026, the XRPL addresses have surged from 7,921,350 to 8,189,798 at the time of reporting, according to on-chain analytics from CryptoQuant. As such, the XRP Ledger recorded a 3.39% uptick in net addresses in Q1 to hit an ATH at press time.

Although the number of addresses on the XRPL has risen linearly year-to-date (YTD), active users remained range-bound between approximately 130,000 and 165,000 for most of Q1, as per metrics from XRPSCAN. This suggests that while new accounts are being created, many investors may be registering addresses without engaging in trading activity.

Why is XRP Ledger exploding with new addresses?

The XRP Ledger has been exploding with cross-border payments in the recent past, catalyzed by Ripple Labs’ efforts. As Finbold pointed out last month, more than 53% of XRPL transactions involve payments, with the Ripple USD (RLUSD) accounting for the lion’s share.

Additionally, the ledger registered growth in new entrants over the past three months, driven by rising adoption of the built-in decentralized exchange (DEX) via OfferCreate transactions. Notably, the total number of Automated Market Maker (AMM) pools on the XRPL grew from about 24,462 on January 1, 2026, to roughly 27,985 at press time, as per updates from XRPSCAN.

As such, the average number of transactions per ledger has rebounded in 2026 to nearly 200, the same levels as during prior bull market peaks, as Finbold reported. With Ripple Labs committed to the long-term growth of the XRP Ledger amid mainstream institutional adoption of XRP, its total addresses are well-positioned to increase in the near future.