Advertisement
AD

Main navigation

Ripple's XRP Ledger Sets New Daily Transaction Record, Dwarfing Bitcoin, Ethereum, and Litecoin

Advertisement
Sun, 24/11/2019 - 11:19
Ripple's XRP Ledger Sets New Daily Transaction Record, Dwarfing Bitcoin, Ethereum, and Litecoin
Cover image via www.123rf.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

On Nov. 23, the number of transactions on the XRP ledger skyrocketed to a whopping 4 mln, thus allowing the third biggest cryptocurrency to easily shatter the previous record of 1.7 mln transactions that was set in January, according to data provided by BitInfoCharts.     

Related
RippleNet Home: Ripple Introduces Revolutionary Product for Connecting Its Clients

A new daily volume high

It is worth noting that XRP managed to greatly outperform other top cryptocurrencies when it comes to the daily transactions volume. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin have all failed to breach the 1 mln mark. 

During Ripple's SWELL event, the company's CEO Brad Garlinghouse claimed that 2019 was their strongest year. RippleNet, the Blockchain payment platform that runs on Ripple's software, now boasts more than 300 customers around the globe. Such big names as MoneyGram, FlashFX, and Bitso use the On-Demand Liquidity (ODL) product. Speaking of the latter, the XRP/MXN liquidity index recently hit 6.34 mln on the biggest cryptocurrency exchange in Mexico. 

Related
Ripple CEO Brad Garlinghouse: 99 Percent of All Crypto Goes to Zero

XRP's gloomy price action 

Oddly enough, this flurry of positive news didn't translate into the token's price performance. On Nov. 22, it reached $0.226, its lowest point since Nov. 22, 2017. Yes, XRP hasn't performed this badly after the peak of the previous bull run.

XRP
image by coinstats.app

At the time of writing, the token is sitting at $0.229, but crypto Twitter is already rife with bearish price predictions despite the community's enthusiasm. According to trader "DonAlt," a drop to the $0.19 level could be on the cards. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles