XRP market cap shows a YTD increase of 42.5% according to Messari data.
Screenshot of graphic representation of XRP ledger key metrics overview. Source: Messari
The Messari data uncovered another significant development in the XRP ecosystem, namely the expansion of XRPL sidechains. Recently, two notable protocols, Coreum and Root Network, were introduced. These protocols play a crucial role in providing XRPL developers and users with the desired programmability. Coreum emphasizes ecosystem security, while Root Network focuses on driving metaverse innovations.
The XRPL achieved several notable milestones, including a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared to the same period last year. Additionally, the quarterly revenue surged by 220.3% to reach $188,376.
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