Arthur (@XrpArthur) recently shared insights into a notable increase in network transactions on the XRP Ledger, interpreting this activity as a sign of preparation for future developments.
Referencing data from XRPL Metrics, Arthur highlighted "over 40,000 ‘AccountSet’ transactions" and a subsequent surge in AMM bids following November 23rd. This activity is viewed as part of a larger initiative to implement upgrades that will support the network's future growth. The data presented shows AccountSet transactions reaching their highest level in years, accompanied by a steep increase in AMM bids after a prolonged period of low activity.
Something’s happening on the XRP Ledger.
According to XRPL Metrics, activity just exploded: 📈 Over 40,000 “AccountSet” transactions, the highest in years. 💧 A sharp spike in AMM bids right after November 23. Imo, it’s network preparation.
With RLUSD approvals, AMM rollout,… pic.twitter.com/g1a5fUKYT9
— Arthur (@XrpArthur) December 1, 2025
New Transaction Activity Strengthens Market Interest
The observation of over 40,000 AccountSet transactions on the XRP Ledger indicates a significant shift from typical traffic levels. This surge began in mid-October and gained momentum through early November, peaking at the end of the month. This notable activity occurred despite previous market challenges, including a flash crash in mid-October and subsequent struggles experienced in late October and November.
This pattern suggests an increased number of accounts updating settings, adjusting configurations, or activating features that necessitate the use of an AccountSet command. A rise in this specific transaction type often correlates with large-scale preparation by users anticipating the availability of new functionalities.
The trend also points to a continually maturing network. Earlier in the year, the XRP Ledger achieved its highest activity level on record. As developers release new tools at an accelerated pace, market participants are becoming more engaged, and these transactions reflect that dynamic. The recent spike in activity is substantially higher than the baseline observed on long-term charts.
AMM Activity Signals Strong Interest in Liquidity Tools
Automated Market Maker (AMM) activity saw a significant increase, with the AMM Bid chart showing a sharp upward movement after November 23rd. After weeks of minimal fluctuations, this spike indicates direct utilization of the automated market maker features that are currently being rolled out on the XRP Ledger.
These features are designed to enhance price efficiency and provide liquidity providers with straightforward access to pools. Arthur linked this surge in bids to the same pattern observed in AccountSet transactions, viewing the increase as preparation for new functionalities aimed at expanding the utility of the XRP Ledger.
Regulatory Progress and Institutional Movement Support Growth
Arthur also drew attention to the activity surrounding RLUSD, which is contributing to the upward trend in the ledger's activity metrics. Institutional adoption continues to grow through tokenization tests and settlement pilots, with RLUSD playing a pivotal role in driving this market forward.
These combined signals form the basis of Arthur's assertion that the XRP Ledger is experiencing a period of heightened activity and development. The concurrent rise in transaction volume supports the view that the XRP Ledger is facilitating structured growth, thereby strengthening XRP's market position.