Originally published on: December 16, 2024
The Xaman Wallet, a self-custodial wallet designed for the XRP Ledger ecosystem, has seen a remarkable increase in user activity lately. This surge in popularity can be attributed to the renewed interest in XRP and the anticipation surrounding the upcoming launch of the Ripple USD (RLUSD) stablecoin.
According to Robert Kiuru, the chief operating officer of Xaman, the number of active weekly users on the platform has skyrocketed by a staggering 250% in recent months, reaching over 212,000 active users last week. This increase in user activity reflects the growing excitement within the XRPL ecosystem and the community’s eagerness for the RLUSD stablecoin launch.
Formerly known as Xumm, Xaman underwent a rebranding in May 2023 and has been receiving indirect investment from Ripple’s investment arm, now known as Ripplex. With the backing of Ripple, Xaman has established itself as a prominent player in the XRP community.
One of the key features that sets Xaman apart is its support for smart contracts through the Xahau Network, a separate blockchain and a fork of the XRPL. These smart contracts, developed by XRPL Labs, provide users with lightweight functionality tailored for developers and users alike.
As XRP briefly reclaimed its position as the third-largest cryptocurrency by market capitalization on Dec. 2, Xaman experienced a surge in user activity, with 80,000 new sign-ups and a significant number of returning users. This growth can be largely attributed to the interest in XRP’s price volatility and the upcoming RLUSD launch.
With almost every XRPL project integrating with Xaman through “Sign in with Xumm,” the platform offers secure and seamless transactions for its users. Whether you are a developer or a regular user, Xaman provides a convenient and reliable way to interact within the XRPL ecosystem.
In conclusion, the recent surge in user activity on Xaman highlights the growing enthusiasm for XRP and the upcoming launch of the RLUSD stablecoin. With its user-friendly interface and innovative features, Xaman is well-positioned to cater to the evolving needs of the XRPL community.