- XRP hit a 12-year milestone in June with over 2,700 whale wallets and a surge in daily active addresses, signaling strong institutional and investor interest.
- Despite this growth, XRP’s presence in the DeFi space remains limited, with low TVL and DEX activity.
Whales Surge as XRP Hits Major Milestone
XRP is riding a wave of renewed investor interest, with June 2025 marking a historic milestone — the number of XRP whale wallets has surpassed 2,700, the highest in its 12-year history. These wallets each hold at least 1 million Ripple , representing over $2.25 million at current market prices. This record-setting spike is a strong signal of growing confidence among institutional players and high-net-worth individuals.
This isn’t just about big wallets. Daily active Ripple addresses have skyrocketed to 295,000, up from the usual 35,000–40,000 seen in recent months. This dramatic increase shows a surge in user activity on the XRP Ledger (XRPL), signaling that the broader crypto community is once again turning its attention to Ripple’s ecosystem.
XRP’s Institutional Momentum Is Building
The bullish on-chain data comes on the heels of several major developments. Canada is set to launch its first Ripple ETF, managed by Purpose Investments, on June 18. XRP has also been integrated with the Lace wallet, further expanding its reach into retail and DeFi. Additionally, crypto-friendly companies like Worksport and VivoPower are adding XRP to their treasury holdings, treating it as a long-term strategic asset.
Even Cardano’s founder, Charles Hoskinson, has acknowledged the upcoming integration between Cardano’s ecosystem and XRP. This includes wallet interoperability and potential XRP-based DeFi solutions, including Ripple’s RLUSD stablecoin.
Reality Check: XRP Still Has DeFi Ground to Cover
Despite these bullish developments, XRP’s DeFi footprint remains underwhelming. The total value locked (TVL) on XRPL sits at just $60 million, with decentralized exchange (DEX) volume failing to break $100,000 daily, according to DeFiLlama. While institutional appetite is growing, XRP’s utility in decentralized finance still has a long road ahead.
June 2025 has been a breakout month for Ripple, with whale wallet growth and institutional adoption hitting new highs. But for Ripple to fully capture DeFi dominance, more ecosystem development and capital inflow are needed. Still, if the momentum continues, XRP could be gearing up for a much larger role in the crypto economy.
