Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Ripple's Q2 2024 XRP Markets Report reveals a significant decline in transaction volume on the XRP Ledger, which plummeted by 65.6% compared to the previous quarter. This drop is attributed to rising costs, which surged by 168%, reaching an average of 0.00394 XRP per transaction. Despite these challenges, Ripple anticipates a positive impact from Archax's tokenized assets and plans to introduce Ripple USD later this year. The report highlights that while the overall cryptocurrency market faced high volatility, institutional adoption remained strong, particularly through real-world asset (RWA) tokenization and regulatory advancements such as the implementation of the Markets in Crypto-Assets (MiCA) framework.
XRP LEDGER SEES TRANSACTION DROP AS COSTS SURGE XRP Ledger transactions dropped 65.6% in Q2 2024, while costs shot up 168% to 0.00394 XRP each. Despite this, Ripple expects a major boost from Archax’s tokenized assets and plans to launch Ripple USD later this year. OpenEden… https://t.co/1sVZ2gFcFa
XRP LEDGER TAKES A HIT AS COSTS SURGE XRP Ledger transactions dropped 65.6% in Q2 2024, while costs shot up 168% to 0.00394 XRP each. Ripple’s tightening up on spam but it's slowing things down. On the bright side, they’re gearing up with Archax's tokenized assets and a new… https://t.co/rxrBivpJ1X
.@Ripple's Q2 2024 XRP Markets Report indicates that the XRP Ledger (XRPL) experienced a substantial decrease in transaction volume between the first and second quarters of 2024. https://t.co/iRbXYxrfpp