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

2 years ago

Made with AI

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

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.