XRP Ledger Sets Multiple Key Records in February Despite Price Decline
The XRP Ledger achieved record activity in February, including over 2.7 million successful payments, despite XRP's price continuing to decline.Summary
The XRP Ledger demonstrated significant operational growth in February, setting multiple key records, even as the price of XRP remained subdued, trading below $1.40. Data from XRPscan revealed that successful payments on the ledger surged to over 2.7 million in February, the highest level in 12 months, indicating growing network vibrancy and real usage for payments and transfers. Furthermore, the Automated Market Maker (AMM) on the XRPL DEX saw a breakout with over 14,000 deposits following the activation of the Permissioned Domains upgrade and the subsequent launch of the Permissioned DEX, which is expected to facilitate institutional trading. Despite these positive on-chain metrics, XRP experienced its fifth consecutive month of price decline, trading around $1.33 at the time of writing, pressured by rising whale inflows to exchanges and high realized losses.
(Source：BeInCrypto)