XRP Ledger Sees a Major 65.6% Drop in On-Chain Transactions
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Ripple has recently released its Q2 report. Transaction volumes for XRP have plummeted. Ripple has sought revival through tokenization and stablecoins. The XRP Ledger, once a bustling digital marketplace, has experienced a dramatic downturn. What was a thriving ecosystem in the first quarter of 2024 has rapidly transformed into a quieter, more expensive platform in the second. Transaction volume plummeted by over 65%, a stark contrast to the previous quarter's robust growth. To compound matters, the average transaction cost skyrocketed by nearly 170%. This abrupt reversal has sent shockwaves through the cryptocurrency community, leaving analysts puzzled and concerned. Ripple
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