| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107422.1000000000 |
| ETH | $2436.9320000000 |
| BNB | $648.0795900000 |
| XRP | $2.1832780000 |
| ADA | $0.5667004000 |
| SOL | $150.9078000000 |
| DOGE | $N/A |
| DOT | $3.4107100000 |
| LTC | $86.3674000000 |
| LINK | $13.3967000000 |
Category: CRYPTO NEWS
The post XRP Ledger Payments Surge to 1 Million in May Amid Volatility appeared on BitcoinEthereumNews.com. XRP Ledger’s early May rally Renewed growth cycle for XRPL The XRP Ledger (XRPL) has recorded a notable increase in transaction activity. According to the latest XRPSCAN data, the number of payments from one account to another reached 1 million in early May 2025. This change indicates a massive rise in XRPL usage and growing confidence in the blockchain despite the recent volatility in the broader crypto market. Source: XRPSCAN The chart shows varying changes in the level of activity between January 1 and May 7, 2025. Even though several peaks were notable earlier in the year, there was a sharp increase in the first week of May, crossing the one million payment mark. The payment volume also reached the one million level at various intervals during the first two months of the year. The peaks were due to significant developments in the Ripple ecosystem and other notable events in the broader crypto market. XRP Ledger’s early May rally However, the slight dip in the transaction count between March and April suggests a period of consolidation or uncertainty in the crypto market. Hence, the uptrend in early May suggests that users are returning to the XRP Ledger due to its fast and low-cost transfers, one of the blockchain’s core strengths. Analysts believe that one of the contributing factors to the recent spike could be renewed institutional interest in the blockchain. You Might Also Like Also, the latest increase in usage could be due to the rise in tokenization activity or DeFi on the XRPL, with more developers seeking to explore the Ledger’s capabilities. While events in the broader crypto market typically affect the price of XRP, metrics like this one are proof of the health of the underlying technology and provide a better understanding of the crypto’s real-world use case. Renewed…
2025-05-08T18:45:06+00:00
https://bitcoinethereumnews.com/tech/xrp-ledger-payments-surge-to-1-million-in-may-amid-volatility/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-ledger-payments-surge-to-1-million-in-may-amid-volatility