This week, crypto market intelligence platform Messari released its Q3 State of XRP Ledger (XRPL) report, revealing a maturing network that continues to draw institutional attention. The data points to stronger engagement, increased transaction volumes , and a growing number of new addresses, signaling that the Ledger is evolving from a retail-heavy blockchain into one increasingly driven by enterprise-adoption and Real-World Asset (RWA) tokenization .

Institutional Activity Reflected In XRP Ledger Network Growth

Messari’s report highlights clear signs of institutional movement within the XRPL network during Q3 2025. Average daily transactions rose 8.9% Quarter-Over-Quarter (QoQ), from $1.6 million to $1.8 million. Likewise, the average daily active sende

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