XRP Ledger shows a puzzling trend with a 25.9% drop in active accounts and payments, yet successful transactions surged 65.5% to 1.9 million. Active users increased by 166.5%, suggesting that existing accounts or automated processes are driving more activity rather than new users. Meanwhile, ledger closures dropped 34%, concentrating more transactions per ledger, but economic value transferred declined, with payment volume falling 19.5%. This indicates a shift in network activity composition, not necessarily increased economic value flow, amid recent XRP price volatility.
Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...
Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...
In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...
Dogecoin (DOGE) saw the largest 24-hour increase in futures open interest, rising 2.43% to $197.2 million, with a high funding rate of 0.0100% per eight hours, indicating strong long position dominance at 71.6%. In contrast, Bitcoin and Ether experie...
In October, the RLUSD stablecoin supply on the XRP Ledger sharply declined by $284 million, dropping about 28.7% to 707 million tokens. This reduction was due to large transactions returning RLUSD to its issuer, though the exact reasons remain unclea...
