đ XRPL's network activity is booming! Active addresses & transactions up 37% & 113% QoQ, respectively. đ
âą A lot of this activity comes from ~45k accounts, sending over 30M transactions, mostly for inscriptions.
âą Inscriptions, popular on Bitcoin since early '23, have now spread to other networks like XRPL, causing big activity spikes.
XRPL's resilience is impressive! đȘ
âą Handled 80 transactions/sec for a whole day without network issues.
âą Total accounts rose by 150k, a 3.1% increase to 5.15M.
DeFi & Stablecoins on XRPL:
âą Total market cap of fungible tokens fell 16% QoQ to $142M.
âą Sologenic (SOLO) leads the pack, making up 42% of total market cap.
âą Stablecoins & wrapped tokens are popular, with Gatehub & Xumm providing 14 digital assets on XRPL.
Ripple's recent announcement to launch a USD-pegged stablecoin on XRPL & Ethereum could be a game-changer. đ”
What's your take on XRPL's growth? Let's chat below! đ #XRPL #DeFi