📉 Transaction volume on the XRP Ledger (XRPL) fell sharply in the second quarter of 2024, according to a report from Ripple.
- Activity decreased by 65.6%, from 251.39 million to 86.38 million transactions.
- Transaction value increased by 168% to 0.00394 XRP.
Ripple explains that this is due to protecting the network from spam. Despite the downturn, the company expects significant investment in tokenized assets and plans to launch a stablecoin in 2024.