XRP ecosystem growth unveiled in impressive Q3 report
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Along these lines, the average daily DEX volume of fungible-issued currencies climbed 290.0% QoQ to $2.7 million — a yearly high. By volume of issued currencies exchanged, Sologenic is the leading gateway to the native DEX on XRPL., like other large Layer-1 networks, saw a fall in network activity indicators throughout Q2. This trend persisted in Q3, with average daily values for transactions and all types of active addresses reaching yearly lows.
However, in the last quarter, Q3, the net number of accounts climbed by 125,000, bringing the total number of accounts up 2.7% to 4.81 million. New addresses increased by 14.6% over the quarter to 159,100. Deleted addresses decreased by 68.3% QoQ. XRPL averaged 122,000 daily active addresses from July 30 to Aug. 13, which was 3.3 times the daily average in Q3.The NFTs sector grew as well, with average daily NFT transactions growing 7.3% quarter-on-quarter to 16,700. As of the conclusion of the third quarter, 3 million total NFTs have been minted with the XLS-20 standard.
The price of XRP increased by more than 70% on July 14 and peaked at $0.82 on July 20. Many CEXs, including Coinbase and Kraken, relisted XRP after the court order. The SEC's move to appeal was later refused. XRP was down 0.73% in the last 24 hours to $0.545 at the time of writing.XRPL saw a massive revenue spike in June, occurring near news from the SEC case, which saw revenue jump nearly 20 times its daily average for three days.
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