Recent analysis of the XRPL Network reveals heightened activity, as evidenced by fluctuations in the NVT Ratio—a key metric that compares Network Value to Transaction Volume. The NVT Ratio, calculated as Market Capitalization divided by Daily On-chain Transaction Volume, experienced notable spikes, particularly on November 2nd, reaching a value of 1,162. This increase indicates a surge in transaction volume, with On-chain Transaction Volume surpassing $44.0M. The stable Market Capitalization of approximately $51.1B suggests robust network engagement, highlighting positive market sentiment and potential growth opportunities within the XRP Ledger ecosystem.