Ripple minted $449.3 million of its RLUSD stablecoin on the XRP Ledger in 30 days, but 99% of these tokens were burned due to rapid redemptions by institutional clients. This high burn rate kept the net supply growth near zero, highlighting a major liquidity imbalance compared to Ethereum, where $403 million was minted but only $177.3 million burned, allowing net inflows of over $225 million. The XRP Ledger is used mainly for fast, real-time token conversions, while Ethereum holds tokens longer for DeFi purposes. The total circulating RLUSD supply is about $1.757 billion, split almost evenly between XRP Ledger and Ethereum. This burn activity reflects the dual-chain usage model rather than declining demand.
XRP futures open interest on Binance surged to $232.7 million, the highest since June, but underlying signals suggest bearish sentiment. Despite the rise in open interest, a deeply negative cumulative volume delta indicates traders are opening new sh...
David Schwartz, Ripple's former CTO, disclosed that his XRP holdings have decreased significantly from about 26 million at their peak to roughly 2 million currently, a 92% drop. He did not specify whether this reduction was due to sales or other tran...
XRP's active addresses surged by 24.1% within 24 hours, rising from 27,665 to 34,318, even as its price struggles below the $1 mark. This increase in network activity contrasts with XRP's weak price momentum, suggesting growing user engagement despit...
Ripple Prime, Ripple's institutional prime brokerage arm, secured $275 million through a private placement of senior unsecured notes to fund its US expansion. The deal received an investment-grade BBB rating, signaling strong institutional confidence...
Derivative trading on XRP has surged, with Binance's open interest reaching $461.3 million, the highest since early July, even as XRP's price falls below $1. This growing leverage amid weak price action increases the risk of sharp market moves and li...
