XRP Ledger crossed 5 billion transactions, but 92% of August activity came from just 767 bots

XRP Ledger (XRPL) crossed 5 billion transactions, with new data showing activity increasingly concentrated among a small group of accounts.Bitquery found that 793 sender accounts generated 75.98 million of XRPL’s 81.56 million transactions in August, or 93.2% of the month’s activity. The firm classified 767 of those accounts as machines, responsible for 92% of all transactions, while 26 exchange hot wallets contributed another 1.1%.The concentration extends beyond transaction counts. Evernorth Research found that XRPL order-book trading volume rose 79% from a year earlier in the second quarter even as the number of accounts initiating those trades fell about 40%.Together, the datasets point to a network processing more activity through fewer participants, though Evernorth said part of that shift could reflect professional traders taking a larger share of flow.That distinction complicates the significance of XRPL’s 5.06 billion validated-transaction milestone. The ledger is handling enormous throughput, while the economic value behind that traffic increasingly depends on whether automated activity settles into trades, payments, and liquidity that require meaningful XRP balances.One ...