XRP Ledger has fewer active accounts than last year, but bigger trades and more value
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.12 Articles
12 Articles
XRP Ledger Trading Concentrates Among Fewer Active Accounts in Q2
Why Is XRP Trading Moving Through Fewer Accounts? The XRP Ledger recorded fewer active trading accounts in the second quarter, but the accounts still using its main order book were moving substantially more XRP than a year earlier. Order-book trading averaged 3.57 million XRP per day during the quarter, up 79% from a year earlier. At the same time, the number of accounts initiating those trades fell to about 1,100 per day from more than 1,860. T…
CryptoTendence The value in the XRP Ledger jumped from 99 to 4.260 million in six quarters while trading is concentrated in fewer accounts.The entry The XRP Ledger ceases to be a market to become a payment rail was first published in CryptoTendence.
Analysis of data from the XRP Ledger network indicates an extremely interesting paradox that is increasingly shaping the balance of power in the cryptocurrency world.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
