A growing interest in XRP and anticipation for the Ripple USD (RLUSD) stablecoin launch have resulted in increased user activity for Xaman, a self-custodial wallet made for the XRP Ledger (XRPL) ecosystem. Xaman’s number of active weekly users has increased 250% since the summer, reaching 212,000 last week, as reported by Xaman Chief Operating Officer Robert Kiuru.
This rise in user activity on Xaman reflects a renewed interest in the XRPL ecosystem and the ongoing surge of XRP. Xaman was originally launched in March 2020 as Xumm and has received indirect investment from Ripple’s investment arm Xpring, which later rebranded to Ripplex in October 2020. As of December 2023, Xaman had around 80,000 active weekly users, which dipped to 60,000 users during the summer of 2024.
Xaman’s recent increase in user activity was driven by 80,000 new sign-ups and many returning users as XRP regained its position as the third-largest cryptocurrency by market cap on December 2. Kiuru attributes 90% of the user base spike to XRP price. Xaman is a self-custodial wallet supporting on-ramps and off-ramps through platforms like Uphold’s Topper.
While XRPL does not support smart contracts, Xaman features them on the Xahau Network, a separate blockchain and a fork of the XRPL. Kiuru explained that smart contracts on Xahau use Hooks, developed by XRPL Labs, to offer lightweight functionality tailored for developers and users. Xaman is also one of the first projects to integrate with XRPL via ‘Sign in with Xumm,’ offering secure, seamless transactions.
Xaman received indirect investment from Ripple in 2019 and 2020, when Ripple’s investment arm, Xpring, funded XRPL Labs.
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