• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Surge in XRPL Transactions in Q1 2024 According to Ripple’s Report

Surge in XRPL Transactions in Q1 2024 According to Ripple’s Report

user avatar

by Giorgi Kostiuk

10 months ago


According to Ripple's Q1 2024 XRP Markets Report, the volume of transactions on the XRP Ledger (XRPL) increased by more than 100% from Q4 2023 to Q1 2024, while the cost per transaction dropped about 45%.

There was a significant increase in on-chain transaction activity for XRPL during Q1 2024, reaching approximately 251.39 million transactions compared to 121.03 million in Q4 2023. The average cost per transaction decreased to around $0.000856, indicating a reduction of 45%. The report also highlighted the distribution of traded volume across different exchanges, with Binance, Bybit, and Upbit leading the way.

One ongoing point mentioned in the report was the legal dispute between Ripple and the US SEC, which began in December 2020. The SEC alleged that Ripple executives had raised funds through an XRP IPO, which they deemed an unregistered security. Ripple disagreed with the SEC's proposed $2 billion in remedies, asserting that the SEC lacked the authority to demand such remedies without demonstrating harm to any party.

0

Share

Other news

Remittix: A New Hope for Ethereum and Polygon Investors in 2025

Remittix attracts attention with its utility, raising over $14.3 million in presale.

user avatarGiorgi Kostiuk

3 minutes ago

US Lawmakers Push SEC for Information on Trump-Linked Crypto Company

US lawmakers call for SEC transparency regarding transactions of a Trump-linked cryptocurrency firm.

user avatarGiorgi Kostiuk

4 minutes ago

Galaxy Digital Secures FCA Approval for UK Derivatives

Galaxy Digital expands in Europe with FCA approval, reflecting increasing demand for regulated digital asset services.

user avatarGiorgi Kostiuk

4 minutes ago

BITCOIN, RIPPLE, and MAGACOINFINANCE: No One is Immune to Competition

MAGACOINFINANCE is rising fast and may become a serious contender to Bitcoin and Ripple in 2025.

user avatarGiorgi Kostiuk

4 minutes ago

Ethereum: Selling Pressure from Whales and DeFi Market Shift

Ethereum's drop below $1,800 raises market concerns. The $1,762 support level is crucial for a potential price reversal.

user avatarGiorgi Kostiuk

14 minutes ago

Blockchain Networks Compared: Solana, Avalanche, and BlockDAG Testnet

Explore the differences and achievements of Solana, Avalanche, and the BlockDAG testnet in blockchain technology.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.