State Of The XRP Ledger Report Gives Deep Insight Into How Institutions Are Moving In

Notably, for the fifth consecutive quarter, Messari notes that the number of active receiver addresses on the Ledger continued to surpass the number of active sender addresses. In Q3 2025, average daily receivers declined 30.01% QoQ, falling from 72,000 to 50,300, while average daily senders rose 15.4% from 21,900 to 25,300. 

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