From September 15 to October 15, 2023, the XRP Ledger displayed a nuanced performance across several key metrics.
While new wallet creations surged by 10.39%, transactions and payments experienced a decline during this period. Notably, NFT and token trading saw a downturn, contrasting with a notable 17.64% increase in decentralized exchange (DEX) volume.
From September 15 to October 15, 2023, $XRP Ledger's performance painted a mixed picture.
New wallet creation jumped 10.39%, yet transactions and payments took a hit.
While NFT and token trading dipped, DEX volume climbed an impressive 17.64%.
Most notably, AMM liquidity… pic.twitter.com/h1LsMT3d6m
— Kyledoops (@kyledoops) October 22, 2024
A standout trend was the remarkable 62.35% rise in Automated Market Maker (AMM) liquidity through AMMDeposit, indicating robust confidence in liquidity pools within the XRP ecosystem.
In recent news, Ripple co-founder Chris Larsen made waves by donating a substantial amount of XRP to Kamala, sparking significant discussion. Larsen’s move reflects a strong belief in advancing technological innovation and hopes that Vice President Kamala Harris can spearhead a crypto-friendly agenda.
However, this donation has not been without controversy. Critics, including prominent figures within the XRP community, view it as a potentially misguided step, raising concerns about its implications amidst the ongoing SEC lawsuit against Ripple.
Legal experts suggest that Larsen’s donation could complicate matters in the legal battle with the SEC, adding a layer of complexity to Ripple’s regulatory challenges.
LARSEN’S XRP DONATION TO KAMALA SPARKS CRYPTO CONTROVERSY
So, Ripple co-founder Chris Larsen just dropped a big XRP donation to Kamala, and it's causing some serious waves.
While he’s all about pushing tech innovation and hopes Harris can lead a crypto-friendly charge, not… pic.twitter.com/Q2yb68VLzL
— IBC Group Official (@ibcgroupio) October 22, 2024
As the XRP Ledger navigates these developments, stakeholders are closely monitoring how these dynamics will influence its future trajectory. The mixed performance metrics underscore both the resilience and challenges facing XRP, with community sentiment and regulatory scrutiny playing pivotal roles in shaping its path forward.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: lmv/123RF// Image Effects by Colorcinch