Recent data from Coinbase's filing with the SEC reveals that the XRP token has become more profitable for the exchange compared to Ethereum and Solana. XRP's success has sparked active discussions within the crypto community.
XRP Transaction Revenue on Coinbase
Brett (@Brett_Crypto_X), a well-known voice in the crypto community, pointed out that Coinbase earned more transaction revenue from XRP than from Ethereum or Solana. Data from its SEC filing shows XRP has surged in value by 458% over the past year on Coinbase.
Community Sentiment and XRP Performance
The post prompted users to comment on XRP's increasing popularity, with one user noting, 'XRP catching up in silence?' and another claiming, 'XRP is the replacement for ETH and SOL.' This reflects a growing sentiment that XRP is gaining strength while maintaining a lower profile.
XRP's Market Dominance
Coinbase's data highlights a significant rise in investor interest in XRP, especially considering its recent outperformance over Ethereum. XRP has also outpaced Bitcoin in certain areas, with active XRP addresses surging by 490%, compared to Bitcoin's 10% growth. Some experts have predicted that XRP could eventually surpass Bitcoin in market influence.
XRP's growth on Coinbase and its dominance over other tokens indicate increasing interest and a shift in sentiment within the cryptocurrency space. With rising transactional activity, XRP demonstrates its significance as an asset with potential for further growth.
