Something unusual is happening on the XRP Ledger. After years of calm, a particular type of transaction, called an AccountSet, is experiencing a dramatic increase in activity, contributing to a broader rise in overall network usage.
We’re seeing more activity, along with more transactions, increased wallet usage, and greater interest from institutions in 2026. This suggests a potentially significant, long-term shift is happening.
New Numbers On The XRP Ledger
A feature that wasn’t used much in the past is now becoming incredibly popular, with a massive increase in usage starting in 2026. Data shows that XRPL AccountSet transactions have recently reached a record high, after years of remaining relatively stable.
To see why this is important, it helps to understand what AccountSet transactions do. Unlike simple transfers or trades, these transactions are used to customize an account’s settings on the XRP Ledger. This includes things like managing permissions, setting how an account operates, connecting it to identity information, and getting it ready for new features.
Increases in AccountSet transactions indicate activity on our systems, like creating new accounts, updating existing ones, or getting them ready for more complex features. Essentially, these spikes show that we’re building the underlying infrastructure, rather than simply processing coin transfers.
We saw over 120,000 AccountSet transactions, which is far more activity than typical users would generate.
The Broader Transaction Surge: Nearly Three Million Daily
A sudden increase in activity related to AccountSets is happening alongside a much larger surge in overall XRP Ledger transactions. Recent data from Evernorth, the largest public XRP treasury, shows daily transaction volume nearly tripled from around 1 million in mid-2025 to almost 3 million, making it clear this isn’t a minor fluctuation.
Growth wasn’t consistent; it went up and down. Between May and August 2025, the average number of transactions each month ranged from 800,000 to 950,000, before dropping to around 700,000. But starting in early 2026, transactions went above 1 million each month and have continued to increase. Now, it’s common to see over 3 million transactions on many days.
The network recently reached a new milestone in its 13-year history: it now has over 7.7 million active wallets. This is the highest number of wallets ever recorded on the network.
Despite a lot of recent activity surrounding XRP, its price remains significantly lower than its peak of $3.65 in 2025. This gap between activity and price is a major concern for many in the crypto market. Zach Pandl, Research Head at Grayscale Investments, believes that clearer regulations – particularly the CLARITY Act – could finally cause XRP’s price to rise to expected levels.
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2026-04-22 03:57