The mass adoption of XRP has been a topic of interest for a long time. A recent post by Francis Bovine Swift (@SwiftBovine) revealed intriguing statistics about XRP wallet holders. The data Swift provided indicates that out of the 4.8 million XRP wallets, a substantial 77% of them hold under 500 XRP.
Swift states, “Remember that out of the 4.8 million wallets, over 3.6 million wallets hold less than 500 XRP.” This statistic underscores the fact that many XRP investors own relatively small amounts of the cryptocurrency.
Early Stage of Adoption
Considering these statistics in the context of the global population makes them more fascinating. The 4.8 million XRP wallets represent only a fraction of the 8 billion people on Earth, showing that XRP still has a long way to go.
This shows that a lot of people have yet to start leveraging the utility embedded in XRP. However, with recent developments like the potential partnership with the Australian Freight and Trade Alliance (FTA), XRP is about to break into a new market and might gain more adoption.
The data paints a compelling picture of the current state of XRP adoption. John Deaton, a pro-XRP lawyer, and many in the community believe the lawsuit with the U.S. Securities and Exchange Commission (SEC) has hindered XRP’s adoption. While many wallets hold relatively small amounts of XRP, there is ample room for growth.
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