CoinVoice recently learned that Ripple officially released the XRP market report for the first quarter of 2024. The data shows:
1. The XRP price low occurred in mid-February and peaked in March, with volatility levels still above 90%;
2. Binance continues to account for a large portion of XRP spot exchange trading volume, but the contributions of different exchanges vary. Coinbase, Bitstamp, and Upbit also account for a considerable proportion of the total trading volume. The distribution of XRP trading volume across exchanges remained fairly stable in the first quarter, with Binance, Bybit, and Upbit accounting for more than 70% of the total trading volume.
3. The percentage of trading volume between fiat currency and XRP has dropped from 15% in the fourth quarter of last year to 11%. Currently, most XRP trading activities are related to USDT.
4. On-chain transaction volume increased by 108%, and the average cost per transaction decreased by 45%;
5. As of March 31, 2024, Ripple holds a total of 4,836,166,156 XRP, and the total amount of XRP in the ledger is 40,100,000,005. [Original link]
