
XRP trades near $1.42 after failing to hold above $1.50 following a May 14 rally tied to CLARITY Act news. Solana trades above $86 after losing $90 support, and Cardano slips from $0.28 to around $0.25. Investors shift focus from price to on-chain activity to gauge network strength. XRP Ledger daily transactions averaged 1.0–1.2 million through mid-2025, rising to about 1.45 million by December 2025, then jumping to 2.7 million in May. CLARITY Act news coincided with 3,317 new wallets in 24 hours and 7,856,080 activated accounts. Solana leads in network scale, but daily fees fell from about $500,000–$638,000 between May 11 and May 14 to roughly $5,120–$4,990 on May 15–16, even as active monthly addresses stayed high. Cardano’s broader network usage remains weak.
"XRP Ledger's data shows that daily transactions averaged between 1 million and 1.2 million through mid-2025, before climbing to around 1.45 million by December 2025. In May, that number increased to 2.7 million—nearly double the December peak. The XRP price moved to $1.54 following the news of the CLARITY Act clearing the Senate Banking Committee. The news triggered increased network usage, and during that period, 3,317 new wallets were created in 24 hours—its strongest reading since March 19, while total activated accounts on the Ledger climbed to 7,856,080."
"Solana continues to dominate in overall network scale, although recent activity has cooled sharply compared to earlier in the year. According to , total network fees reached roughly $500,000 and $638,000 daily between May 11 and May 14 as the network recorded strong trading and application activity. But the network fees soon collapsed to just $5,120 on May 15 and $4,990 on May 16, as SOL's price fell toward $86. Despite the recent decline in fees, user participation remains high."
"With all three cryptos battling bearish pressure, investors are turning attention away from price performance alone and toward on-chain activity to see which network is actually showing signs of strength. We examined the latest on-chain activity across XRP, Solana, and Cardano to determine which network has the best performance right now. Comparing On-Chain Activity Across XRP, Solana, and Cardano Solana leads in raw network scale, while XRP has seen a huge jump in network activity, and Cardano's broader network usage remains weak."
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