XRP and XRPL indicate growth in interesting Q2 report XRPCommunity XRPLCommunity XRPHolders $XRP
highlights XRP and XRPL growth in an interesting Q2 report. XRP is the native token on XRP Ledger , which is utilized for transaction fees, wallet reserves and other functions.
Messari observed that price movements in XRP in recent months surrounded news from the SEC's ongoing lawsuit with Ripple, which began in 2020.Likewise, the massive revenue spike in June also coincided with news from the SEC lawsuit, which saw revenue jump nearly 20 times its daily average for three days.Per the chart posted by Messari, XRP quarterly revenue surged 167.2% in Q2. Quarterly revenues in dollars also rose a massive 220.3% to $188,376.
The average daily NFT transaction climbed by 12.7% year over year, from 13,800 to 15,500. Almost all NFT transaction types rose QoQ, while NFTokenCreateOffer's dominance increased to more than 50% of all NFT transactions.Messari noted that XRPL continues to expand in new directions, including efforts on sidechains. Coreum and Root Network have recently launched, respectively, giving XRPL developers broader programmability to study security tokenization and the metaverse.
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