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XRPL stablecoin supply reaches $1.126 billion

Monthly decentralized exchange volume more than doubled to $253 million, CryptoSlate says, but that growth doesn't establish sustained demand for XRP.

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1 Source, 20d ago, first seen 20d ago

TLDR

CryptoSlate reports that stablecoin supply on the XRP Ledger reached $1.126 billion as monthly decentralized exchange volume more than doubled to $253 million. The publisher says those gains don't establish sustained XRP demand: trades can bypass XRP, and the data doesn't show how much volume uses it or how long market makers hold it.

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1 Source, first seen 20d ago

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Combined views

1.5K

1 Source, first seen 20d ago

2 likes1 comments

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1 Source

@CryptoSlateXRPL’s stablecoin supply reached $1.126B as monthly DEX volume more than doubled to $253M. That growth doesn’t establish sustained XRP demand. Trades can bypass XRP, and the data doesn’t show how much volume uses it or how long market makers hold it. https://cryptoslate.com/xrps-30-monthly-rebound-meets-a-4-6-million-liquidity-trial-inside-xrpls-1-1-billion-stablecoin-boom/20d
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    1 Source

    @CryptoSlateXRPL’s stablecoin supply reached $1.126B as monthly DEX volume more than doubled to $253M. That growth doesn’t establish sustained XRP demand. Trades can bypass XRP, and the data doesn’t show how much volume uses it or how long market makers hold it. https://cryptoslate.com/xrps-30-monthly-rebound-meets-a-4-6-million-liquidity-trial-inside-xrpls-1-1-billion-stablecoin-boom/20d
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