PANews reported on May 19 that Ripple officially released the XRP market report for the first quarter of 2024. Data shows that XRP spot trading volume (average daily trading volume) soared to US$865 million in the first quarter of this year, a 40% increase from the fourth quarter of 2023. Binance, Bybit and Upbit account for more than 70% of the total trading volume. The average daily open interest of XRP derivatives was US$500 million in the first quarter of this year, compared with US$460 million in the fourth quarter of last year. As of March 31, 2024, Ripple holds a total of 4,836,166,156 XRPs, and the total amount of XRPs hosted on the ledger is 40,100,000,005.