Ripple CTO Emeritus David Schwartz rejected claims that the XRP Ledger (XRPL) is a "ghost chain" dominated by bots and automated transactions. He emphasized that XRPL's low transaction fees encourage both high-value and low-value activities, which is a feature rather than a flaw. The ledger supports a wide range of uses including tokenized real-world assets worth about $458 million and represented assets valued at $4.06 billion. Additionally, AI agents have conducted over 4.8 million transactions on XRPL, using XRP and RLUSD for digital service payments, showing the network's expanding role beyond traditional human payments. Schwartz also noted minor network disruptions unrelated to XRPL itself, underscoring the platform's overall stability.
XRP traded below $1.40 on October 8 as momentum indicators like RSI and MACD weakened, signaling softer price momentum. Exchange reserve data from Binance and Upbit showed declines in XRP balances, but differing measurement periods prevent a clear tr...
Ripple transferred 200 million XRP between its own addresses and sent 20 million XRP to a new address as it prepares for the XRPL's PermissionDelegationV1_1 upgrade, enabling better privacy and role delegation without exposing master keys. Meanwhile,...
The XRP Ledger recorded a new high of 858 million XRP transferred in a single day, approaching the significant milestone of 1 billion daily transactions. Although the current 30-day average stands at 674.5 million, this surge indicates growing adopti...
On October 8, the total cryptocurrency market capitalization dropped by 4.39% to $2.80 trillion, with Bitcoin falling 1.59% to $82,216. Other major coins also declined: Ether decreased 1.55% to $2,527, XRP fell 3.53% to $1.39, and Solana dropped near...
A debate has emerged between Ripple CTO Emeritus David Schwartz and Flare CEO Hugo Philion over the potential size of XRP Ledger lending, a new feature allowing users to lend and borrow assets directly on the blockchain. While validators are still vo...
