According to CryptoPotato, Ripple's XRP has been one of the most popular cryptocurrencies in the past three years, largely due to the company's case against the US Securities and Exchange Commission. XRP ranked third in a list tracking the performance of various coins in terms of social engagements, following only Bitcoin and Ethereum. There are several important on-chain metrics to keep in mind when evaluating XRP's performance.
Firstly, XRP's rich list shows the top addresses holding the most XRP. Data from xrpscan reveals that the top two addresses are held by Ripple themselves, while all other exchanges in the top 10 are exchange addresses, representing the number of XRP their users hold on their platforms. The tenth address holds around 650 million XRP and is not labeled on xrpscan.
Secondly, the number of executed transactions is an important metric to consider. The year-to-date chart for the number of executed transactions on XRP's ledger has been consistent, with one anomaly occurring on March 19th. The health and current condition of blockchain networks can be deduced from the number of daily transactions.
Lastly, the number of payments from one account to another is a crucial metric. This chart shows the number of payments between accounts, which could be internal but still reflects how much the network is being used for payments.