CandleFocus XRPL Xaman Wallet Hits Multi-Month High in Key User Milestone
2024-10-18
Author: Content Editor
The Xaman Wallet, a noncustodial crypto wallet built on the XRP Ledger Xahau sidechain, is experiencing a positive reversal in its monthly active user metric. After a drop in users from its peak of 164,200 in December 2023 to a low of 92,362 in mid-September, the wallet has now crossed the 100,000 user threshold again. Additionally, daily active users have also bottomed out and are showing signs of recovery. The growing hype around the XRP Ledger and the beta testing of the RLUSD stablecoin may have contributed to the increased adoption of the Xaman Wallet. The payments use case dominates the adoption trend, and OfferCreate and TrustSet are the top transaction types on the protocol. While still below peak levels, the current traction suggests further milestones may be achieved in the future.
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