Odaily Planet Daily News 📉 According to Ripple's Q2 2024 XRP Market Report, transaction volume on the XRP ledger (XRPL) has dropped significantly amid a surge in average transaction costs. The report noted that in the second quarter of 2024, XRPL on-chain transaction activity fell by 65.6% to approximately 86.38 million transactions, compared to 251.39 million transactions in the first quarter of 2023.

Despite the decline in XRP's transaction volume, the Bitcoin market remains strong, showing investors' continued confidence in it. As the global regulatory environment continues to change, the future of the cryptocurrency market remains uncertain, but Bitcoin still seems to be a safe haven for investors. 🚀