XRP Ledger Payments Transaction Explodes
2025-07-04 07:51:37
Main Idea
The XRP Ledger (XRPL) has seen a significant surge in Payment transactions, now constituting nearly 60% of all weekly activity, while other transaction types remain stable.
Key Points
1. Payment transactions on the XRP Ledger (XRPL) have surged, making up nearly 60% of all weekly network activity as of late 2023.
2. Historical data shows that OfferCreate and OfferCancel transactions were previously dominant but have been surpassed by Payment transactions.
3. Despite the increase in transaction volume, there is a noted disconnect between on-chain utility and XRP's market price performance.
4. The rise in Payment transactions highlights XRPL's utility for cross-border value transfers, though other transaction types like TrustSet and NFTokenMint remain stable.
5. Market reactions include skepticism about the lack of price movement despite increased usage, as noted by user comments.
Description
Crypto enthusiast Amelie recently shared a data visualization highlighting significant changes in transaction trends on the XRP Ledger (XRPL). The chart, titled “A weekly transaction count of the top 5 transaction types (by count) on XRPL,” displays the evolution of transaction types on the ledger from late 2012 through mid-2025. The dataset distinguishes between various transaction categories, including Payment, TrustSet, OfferCreate, OfferCancel, and NFTokenMint, with the aggregated total repr...
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