XRP's circulating supply increased by 5.5% over the past year due to monthly escrow releases of about 272 million XRP, while revenue on the XRP Ledger (XRPL) fell sharply by 81.6% year over year, from $6.43 million to $1.18 million. This revenue decline, driven by drops in swap pool fees, NFT royalties, and transaction fees, means XRP holders face a net annual drag of 5.5% at current fee levels. Meanwhile, the stablecoin RLUSD saw strong growth, with its supply reaching $1.56 billion and over half held on XRPL. Institutional interest is rising with tokenized funds launched by Aviva Investors and others, signaling ecosystem expansion despite revenue challenges.
Claims that XRP could be used with the Federal Reserve's FedNow payment system through Volante Technologies have sparked excitement in the XRP community. Volante connects financial institutions to multiple payment rails including FedNow and has a lon...
Bitcoin jumped from around $64,330 to $74,440 last week, marking a 23.23% weekly gain after months of decline and stagnation. This surge, predicted by analysts in early August, signals a potential new bull market similar to past recoveries in 2019 an...
A cryptocurrency wallet linked to market maker Wintermute held $190.77 million in short positions on Hyperliquid as of August 24, with Ethereum as the largest short at $53.02 million, followed by Bitcoin and Solana. The wallet's short exposure increa...
Altcoins are making a comeback after a long market drought, with Cardano (ADA) and Ripple's XRP leading the recovery. XRP rose 11% in 24 hours and 51% over the past week, driven by increased whale activity and a surge in large transactions on its led...
Ripple's XRP has been integrated with Volante Technologies' payment infrastructure, enabling it for instant FedNow payments used by major U.S. banks. This development has increased community interest and market optimism, with XRP's transaction count ...
