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XRPL Trading Activity Shrinks as Volume and Value Held Rise

Daily XRP Ledger order-book traders fell about 40% from a year earlier, while volume rose 79% and value held on the network climbed above $4 billion, CoinDesk reported.

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XRPL Trading Activity Shrinks as Volume and Value Held Rise
The XRP Ledger recorded fewer daily order-book traders than a year earlier, but activity among remaining participants was associated with larger overall trading volume. Daily traders declined by about 40% year over year, while volume increased 79%, according to figures reported by CoinDesk. At the same time, the total value held on the XRP Ledger rose above $4 billion. The figures point to a market with a smaller active trading base but greater aggregate volume and value held on the network. The data concerns XRP Ledger activity and does not indicate how XRP or any other related asset may perform. The comparison highlights a divergence between participation and transaction scale: fewer daily traders were present, while the amount traded and value held both moved higher.
Source CoinDesk This is an original Moneyiar brief based on the cited source.
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