All articles tagged with #xrpl
The XRPL EVM Sidechain is now live on mainnet, enabling Ethereum-compatible smart contracts and cross-chain DeFi applications on the XRP Ledger, leveraging its security, liquidity, and scalability, and opening new opportunities for developers and institutions.
Despite a significant increase in network activity and quarterly revenue for the XRP Ledger (XRPL) in Q1 2024, the price of its native token, XRP, has declined. This is due to a decrease in demand from market participants, as evidenced by a 12% drop in daily active addresses over the past week. While XRPL's revenue and transaction volume have surged, the token's market performance has not mirrored this growth.
Despite concerns over the Ripple vs. SEC lawsuit, the XRP Ledger (XRPL) has shown significant growth in various areas during Q2 2023. The circulating market cap of XRP increased by 42.5% year-to-date, although it declined by 10.7% in Q2. While transaction volume decreased, there was a notable increase in average daily NFT transactions. The XRPL also saw expansion in sidechains and achieved a 31.8% growth in total new address count. Despite challenges, Ripple's ecosystem is driving utility adoption and progressing towards providing sustainable value and utility.