XRP Ledger sees 99% activity drop without affecting XRP price stability

The XRP Ledger (XRPL) recently experienced a significant 99% drop in activity, largely due to weekend trading patterns rather than technical issues. Despite this, the XRP price remains stable and above $2, unaffected by the decline in network activity.

Key Details

  • XRP Ledger's transaction activity fell by about 99% within 48 hours over the weekend.
  • Payment volume decreased from over 1.09 billion to 166.99 million, further dropping to around 137.40 million.
  • Transaction count reduced from over 2 million to 1.8 million.
  • Recent whale transactions valued at $100,000 or more remain active, indicating ongoing engagement.

XRP

Development Updates

  • A new update by Vet, an XRPL dUNL validator, is nearing activation.
  • Upcoming changes include TokenEscrow, AMMClawback, Multi-Purpose Tokens (MPT), and Price Oracle.
  • Focus on enhancing functionality and security for developers and users.

XRP

The XRP development team is committed to maintaining high performance independent of market conditions.