🔥💥XRP Ledger Transactions Increased 108% in the First Quar

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🔥💥XRP Ledger Transactions Increased 108% in the First Quarter of 2024 In the first quarter of 2024, there was a huge increase in on-chain trading activity on the #XRP Ledger, which was shown in Ripple's latest XRP Sunday Report. An astonishing 251.39 million transactions were registered, which marks an astonishing increase of 108% compared to the previous quarter. Not only did transaction volumes increase, but also costs decreased. The average transaction fee fell by 45% to just $ 0.000856, which signals that the network is operating at peak efficiency. "The decrease in the average cost per transaction indicated a reset and there were no network congestion this quarter," the report said. While the XRP ledger was Decaying, the legal battle between #Ripple and the US Securities Exchange Commission (SEC) was still going on. The SEC alleged that Ripple carried out an unregistered supply of securities through XRP sales. However, Ripple strongly opposed the SEC's request for a settlement worth $ 2 billion, stating that there was no demonstrable damage suffered by investors. Given that Ripple believes this could be a milestone that will reshape the regulatory environment, while both sides are waiting for the judge's final decision, probably in the next few months, Ripple remains "confident" of a fair outcome. #altcoins #binance

🔥💥XRP Ledger Transactions Increased 108% in the First Quarter of 2024
In the first quarter of 2024, there was a huge increase in on-chain trading activity on the #XRP  Ledger, which was shown in Ripple's latest XRP Sunday Report. An astonishing 251.39 million transactions were registered, which marks an astonishing increase of 108% compared to the previous quarter.
Not only did transaction volumes increase, but also costs decreased. The average transaction fee fell by 45% to just $ 0.000856, which signals that the network is operating at peak efficiency.
"The decrease in the average cost per transaction indicated a reset and there were no network congestion this quarter," the report said.
While the XRP ledger was Decaying, the legal battle between #Ripple and the US Securities Exchange Commission (SEC) was still going on. The SEC alleged that Ripple carried out an unregistered supply of securities through XRP sales. However, Ripple strongly opposed the SEC's request for a settlement worth $ 2 billion, stating that there was no demonstrable damage suffered by investors.
Given that Ripple believes this could be a milestone that will reshape the regulatory environment, while both sides are waiting for the judge's final decision, probably in the next few months, Ripple remains "confident" of a fair outcome.
#altcoins #binance 