Ripple's regulated stablecoin RLUSD has seen its supply on Ethereum grow by 93% in the past 30 days, pushing Ethereum's share to 56.1% of total supply, surpassing the XRP Ledger's 43.9%. This shift is driven by institutional demand for DeFi services on Ethereum, with major holdings in Aave lending contracts and larger average wallet sizes compared to XRPL. While XRPL remains favored for retail and smaller payments due to lower fees and faster transactions, Ethereum attracts institutional users seeking regulatory clarity and deeper DeFi integration. RLUSD's total supply now stands at approximately $2.37 billion, highlighting its growing role in the stablecoin market.
AI-driven wallets on the XRP Ledger have shifted heavily towards using the stablecoin RLUSD instead of XRP, creating a 105% imbalance. This change is driven by XRP's price volatility and higher transaction costs, which make it less suitable for the m...
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
Bitwise's Solana Staking ETF reached $1 billion in assets under management, driven by its 5.8% annual yield from staking. In contrast, XRP ETFs have yet to hit the billion-dollar mark due to the XRP Ledger's lack of native staking and yield generatio...
Trader DonAlt highlights Ethereum's clear technical setup, with ETH holding above a crucial $2,400 breakout level after rising about 30% since mid-August. This support level is key to maintaining the recent rally, with resistance near $2,816 offering...
Prediction markets indicate XRP will most likely trade between $1.30 and $1.50 on September 1, with a 45% chance of closing between $1.30 and $1.40 and a 36% chance between $1.40 and $1.50. This suggests traders expect XRP to stay within a stable ran...
