#XRPL Takes the Lead as $RLUSD
Weekly Volume Hits Record $11.7 Billion.
Ripple’s RLUSD stablecoin has reached its highest-ever weekly transfer volume, with the XRP Ledger processing the largest share of activity across its supported networks. In the week ending November 1, combined volume on XRPL and Ethereum reached $11.716 billion, surpassing the previous record of $8.285 billion. The XRP Ledger handled $6.699 billion, or about 57% of the total, while Ethereum processed $5.017 billion.
The milestone is notable because Ethereum holds 67.62% of RLUSD’s circulating supply, compared with 32.3% on XRPL. The XRP Ledger also recorded higher monthly RLUSD transfer volume in October, processing $20.056 billion against Ethereum’s $15.449 billion. Meanwhile, RLUSD’s DEX trading volume has remained above $70 million weekly for ten consecutive weeks, with the latest three-week period recording volumes of $321.238 million, $317.351 million, and $444.782 million.
#CryptonewswithJack
Weekly Volume Hits Record $11.7 Billion.
Ripple’s RLUSD stablecoin has reached its highest-ever weekly transfer volume, with the XRP Ledger processing the largest share of activity across its supported networks. In the week ending November 1, combined volume on XRPL and Ethereum reached $11.716 billion, surpassing the previous record of $8.285 billion. The XRP Ledger handled $6.699 billion, or about 57% of the total, while Ethereum processed $5.017 billion.
The milestone is notable because Ethereum holds 67.62% of RLUSD’s circulating supply, compared with 32.3% on XRPL. The XRP Ledger also recorded higher monthly RLUSD transfer volume in October, processing $20.056 billion against Ethereum’s $15.449 billion. Meanwhile, RLUSD’s DEX trading volume has remained above $70 million weekly for ten consecutive weeks, with the latest three-week period recording volumes of $321.238 million, $317.351 million, and $444.782 million.
#CryptonewswithJack