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.
Ripple's David Schwartz revealed that the private XRP Ledger hub has fully recovered from a severe 'manifest storm' attack in July that flooded the network with fake credentials. After emergency fixes, the hub now operates with stable connections, lo...
XRPL Labs announced that its RPC nodes can now process 30,000 messages per second, a major upgrade from the usual 1,500 transactions per second on the XRP Ledger mainnet. This improvement highlights ongoing efforts to enhance the network's speed and ...
Crypto analyst Dark Defender suggests XRP's price pattern resembles those before its major rallies in 2014 and 2017, indicating it might be ready for a significant move soon. This setup appears independent of the upcoming Sept. 15 Senate vote on the ...
Crypto analyst Dark Defender highlights that XRP's price pattern mirrors setups from 2014 and 2017, which preceded significant rallies. This suggests XRP could be primed for a major move regardless of the upcoming Sept. 15 Senate vote on the CLARITY ...
XRP experienced a 14% decline in open interest, falling from $558 million to $478 million, following $14.2 million in two-way liquidations that affected both long and short traders. Funding rates turned negative, ending a 14-session streak of positiv...
