XRP Network Heats Up After 75 Million Transfer Drives Activity Higher
While market observers often watch the price of tokens, the real story right now is happening in the background of the XRP Ledger. Institutional interest in XRP Spot ETFs is climbing, with more than $65 million in new funds entering the space. Related Reading: Rave Token Crashes 95% As Manipulation Allegations Trigger Panic This surge in professional investment coincides with a massive spike in network use. Daily transactions on the ledger have jumped to nearly 3 million. That is three times the volume seen just a year ago. Institutional Growth Drives Record Network Volume Data shows that....
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Data shows the XRP transfer fee has witnessed a significant decrease over the last several months, a sign network activity has been declining. XRP Transaction Fee Has Dropped To 650 Tokens Per Day In a new post on X, on-chain analytics firm Glassnode has discussed the latest trend in the Total Transaction Fees indicator for […]
Ethereum has recently come under selling pressure, pausing the relentless bullish momentum that earlier this year pushed ETH to fresh all-time highs. After an aggressive impulse that began in April, the second-largest cryptocurrency by market capitalization is now showing signs of fatigue, with analysts debating whether this is simply a healthy correction or the early stages of a deeper pullback. For some, the cooldown is a natural breather after months of parabolic growth, giving the market a chance to reset before its next leg higher. However, the risks of an extended correction are....
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On-chain data shows the cost of making a transfer on the Ethereum network has plunged recently. Here’s what this could mean for the ETH price. Ethereum Average Fees Has Gone Down Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Average Fees of Ethereum. The “Average Fees” here refers to an indicator that keeps track of the average amount of fees (in USD) that users on the ETH network are attaching with their transactions. Related Reading: How Close Is Bitcoin To A Bear Market? This Historical Level May Contain....