Ripple's XRP continues expanding in terms of overall transaction volume on-chain.
Ripple’s XRP continues expanding in terms of overall transaction volume on-chain.
September ushered in a triumphant mood for XRP, marked by major milestones, including a spike in daily on-chain transaction volumes, a surge in single-day token circulation, and increased development activities., with a staggering 4.8 billion tokens changed wallets.This is the second-largest daily transaction volume this year, with the highest recorded in February at 5.2 billion XRP. Nevertheless, these impressive figures still fall short of XRP’s historical high, a whopping 6.
On Sept. 1, the number of development activities increased to 14.86, also a 7-month high. On Sept. 7, the number of development activities was about 12.48. According to Santiment, the dual record-breaking signals utility spikes within the XRP blockchain. However, analysts are already crediting these momentous events and the positive metrics to the recent court triumph by Ripple.Even as XRP continues to break records in different metrics, the token still struggles with a strong resistance at $0.500.
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