The recent activity on the XRPL Network has shown a notable increase, as evidenced by the NVT Ratio, which measures the relationship between Market Capitalization and On-chain Transaction Volume.

On November 2nd, the NVT Ratio surged to 1,162, driven by a substantial rise in transaction volume, which exceeded $44.0M. This indicates a significant uptick in transfer activity on the XRP Ledger, suggesting heightened interest and engagement within the network.

With Market Capitalization holding steady around $51.1B, the increased transaction volume reflects a positive trend, underscoring a robust and active market environment.