Growth of XRP Ledger: XRP Ledger has witnessed a 46% increase in active nodes since October 2024. Many developers are adopting this network to build decentralized solutions. This reflects the rising trust and interest in XRP blockchain. The token network has robustly expanded with 828 active nodes supporting the platform, marking impressive growth in adopting this technology.

Developers’ contribution: Developers’ participation is crucial in boosting the number of nodes on XRPL. Unlike many other blockchains relying on mining, XRPL’s growth is primarily driven by developers building on this platform. As developers create more applications and solutions, the number of nodes also increases. This reflects growing confidence in the platform’s capabilities and its appeal to businesses exploring blockchain technology.

Impact on businesses: Businesses and developers recognize the benefits of adopting XRPL for various applications like automated finance and cross-border payments. This makes the network increasingly valuable as more users and nodes join. These factors encourage companies to run nodes as part of their strategy to maintain competitiveness in the blockchain sector, thereby contributing to the platform’s strong growth.