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According to Odaily, Ripple's Q2 2024 XRP Market Report reveals a substantial decline in transaction volume on the $XRP Ledger (XRPL) amid rising average transaction costs.

On-chain transaction activity on XRPL decreased by 65.6% in Q2 2024, totaling approximately 86.38 million transactions. This is a significant drop from the 251.39 million transactions recorded in Q1 2023. Looks like the transaction fees are giving everyone cold feet!

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