{"id":610307,"date":"2024-05-29T03:00:48","date_gmt":"2024-05-29T03:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=610307"},"modified":"2024-06-11T07:20:03","modified_gmt":"2024-06-11T07:20:03","slug":"xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/","title":{"rendered":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions"},"content":{"rendered":"

As a recent Messari report<\/a> outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity.<\/span><\/p>\n

XRP Ledger Burn Rate Slows Amid Low Fees<\/span><\/h2>\n

During Q1 2024, XRP, the native token of the XRPL, secured its position as the sixth largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). Despite a slight price decrease, XRP’s <\/span>circulating market cap<\/span><\/a> witnessed a 1.3% growth quarter-over-quarter (QoQ).<\/span><\/p>\n

Related Reading: Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot<\/a><\/div>\n

The XRPL employs a deflationary mechanism by systematically burning transaction fees. This process exerts downward pressure on the total supply of XRP, which stands at 100 billion tokens.\u00a0<\/span><\/p>\n

Since the inception of the XRP Ledger, approximately 12 million XRP have been burned. However, the low <\/span>burn rate<\/span><\/a> during Q1 can be attributed to the network’s relatively low transaction fees (less than $0.002 per transaction).\u00a0<\/span><\/p>\n

Additionally, 1 billion XRP is released from escrow to Ripple each month, with any unutilized tokens being placed into new escrow contracts. This pattern will continue until the remaining approximately 45 billion XRP becomes liquid; at this point, the deflationary pressure from burned fees will be the primary variable affecting supply.<\/span><\/p>\n

While XRP’s price decreased<\/a> marginally 0.1% QoQ, lagging behind the overall crypto market’s 63.0% increase, it rose 14.8% year over year (YoY)<\/span>.\u00a0<\/span><\/p>\n

Inscription-Fueled Transactions Propel XRPL Daily Payments<\/span><\/h2>\n

The report highlights that revenue in the XRPL is measured as total fees collected by the network, which are subsequently burned, contributing to the redistribution of wealth from transaction fee spenders to XRP holders. Network activity showed significant growth, with active addresses and transactions increasing by 37% and 113% QoQ, respectively.<\/span><\/p>\n

A substantial portion of transaction activity on the XRPL stemmed from inscriptions, a transaction type popularized in early 2023. Over 30 million transactions were sent to a single account by approximately 45,000 accounts engaged in inscription-related activities.<\/span><\/p>\n

\"XRP\"
XRPL 2 million daily payment rate during Q1. Source: Messari<\/a><\/figcaption><\/figure>\n

According to Messari, inscriptions, facilitated by XRP Script, played a key role in driving the surge in <\/span>daily payments<\/span><\/a>, which soared 350% QoQ to 2 million transactions.<\/span><\/p>\n

Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed?<\/a><\/div>\n

Lastly, the report notes that the XRP Ledger blockchain witnessed a net increase of 150,000 accounts, driving the total number of accounts up by 3.1% to 5.15 million in Q1. <\/span><\/p>\n

However, new <\/span>addresses <\/span><\/a>decreased 12.4% QoQ to 183,000, primarily due to the high number of addresses created in Q4, coinciding with the inception of inscription activity.\u00a0<\/span><\/p>\n

\"XRP\"
The daily chart shows XRP’s sideways price action. Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

As of press time, XRP is valued at $0.5279, down 2.5% in the past 24 hours and 3.5% in the past seven days, which is in line with the broader market trend.\u00a0<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As a recent Messari report outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity. XRP Ledger Burn Rate Slows Amid Low Fees During Q1 2024, XRP, the native token of the XRPL, secured its position as the sixth largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). Despite a slight price decrease, XRP’s circulating market cap witnessed a 1.3% growth quarter-over-quarter (QoQ). Related Reading: Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot The XRPL employs a deflationary mechanism by systematically burning transaction fees. This process exerts downward pressure on the total supply of XRP, which stands at 100 billion tokens.\u00a0 Since the inception of the XRP Ledger, approximately 12 million XRP have been burned. However, the low burn rate during Q1 can be attributed to the network’s relatively low transaction fees (less than $0.002 per transaction).\u00a0 Additionally, 1 billion XRP is released from escrow to Ripple each month, with any unutilized tokens being placed into new escrow contracts. This pattern will continue until the remaining approximately 45 billion XRP becomes liquid; at this point, the deflationary pressure from burned fees will be the primary variable affecting supply. While XRP’s price decreased marginally 0.1% QoQ, lagging behind the overall crypto market’s 63.0% increase, it rose 14.8% year over year (YoY).\u00a0 Inscription-Fueled Transactions Propel XRPL Daily Payments The report highlights that revenue in the XRPL is measured as total fees collected by the network, which are subsequently burned, contributing to the redistribution of wealth from transaction fee spenders to XRP holders. Network activity showed significant growth, with active addresses and transactions increasing by 37% and 113% QoQ, respectively. A substantial portion of transaction activity on the XRPL stemmed from inscriptions, a transaction type popularized in early 2023. Over 30 million transactions were sent to a single account by approximately 45,000 accounts engaged in inscription-related activities. According to Messari, inscriptions, facilitated by XRP Script, played a key role in driving the surge in daily payments, which soared 350% QoQ to 2 million transactions. Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed? Lastly, the report notes that the XRP Ledger blockchain witnessed a net increase of 150,000 accounts, driving the total number of accounts up by 3.1% to 5.15 million in Q1. However, new addresses decreased 12.4% QoQ to 183,000, primarily due to the high number of addresses created in Q4, coinciding with the inception of inscription activity.\u00a0 As of press time, XRP is valued at $0.5279, down 2.5% in the past 24 hours and 3.5% in the past seven days, which is in line with the broader market trend.\u00a0 Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":610308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[1020,1026,6664,14690,54512,84758,89991,83637,13172,15883,15621,89423,10972,16371],"class_list":["post-610307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-blockchain","tag-blockchain-technology","tag-crypto","tag-crypto-news","tag-defi","tag-xrp-ledger","tag-xrp-ledger-news","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-price-chart","tag-xrp-price-news","tag-xrpusd","tag-xrpusd-price"],"acf":[],"yoast_head":"\nXRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions<\/title>\n<meta name=\"description\" content=\"The XRP Ledger (XRPL) has showcased notable progress during the first quarter of 2024, as outlined in a recent Messari report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions\" \/>\n<meta property=\"og:description\" content=\"The XRP Ledger (XRPL) has showcased notable progress during the first quarter of 2024, as outlined in a recent Messari report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-29T03:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:20:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"462\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions\",\"datePublished\":\"2024-05-29T03:00:48+00:00\",\"dateModified\":\"2024-06-11T07:20:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\"},\"wordCount\":496,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260\",\"keywords\":[\"blockchain\",\"blockchain technology\",\"crypto\",\"crypto news\",\"DeFi\",\"XRP Ledger\",\"XRP Ledger News\",\"xrp news\",\"XRP Price\",\"XRP Price Analysis\",\"XRP Price Chart\",\"XRP price news\",\"XRPUSD\",\"xrpusd price\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\",\"name\":\"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260\",\"datePublished\":\"2024-05-29T03:00:48+00:00\",\"dateModified\":\"2024-06-11T07:20:03+00:00\",\"description\":\"The XRP Ledger (XRPL) has showcased notable progress during the first quarter of 2024, as outlined in a recent Messari report.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260\",\"width\":462,\"height\":260,\"caption\":\"XRP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions","description":"The XRP Ledger (XRPL) has showcased notable progress during the first quarter of 2024, as outlined in a recent Messari report.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/","og_locale":"en_US","og_type":"article","og_title":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions","og_description":"The XRP Ledger (XRPL) has showcased notable progress during the first quarter of 2024, as outlined in a recent Messari report.","og_url":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-05-29T03:00:48+00:00","article_modified_time":"2024-06-11T07:20:03+00:00","og_image":[{"width":462,"height":260,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions","datePublished":"2024-05-29T03:00:48+00:00","dateModified":"2024-06-11T07:20:03+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/"},"wordCount":496,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260","keywords":["blockchain","blockchain technology","crypto","crypto news","DeFi","XRP Ledger","XRP Ledger News","xrp news","XRP Price","XRP Price Analysis","XRP Price Chart","XRP price news","XRPUSD","xrpusd price"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/","url":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/","name":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260","datePublished":"2024-05-29T03:00:48+00:00","dateModified":"2024-06-11T07:20:03+00:00","description":"The XRP Ledger (XRPL) has showcased notable progress during the first quarter of 2024, as outlined in a recent Messari report.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260","width":462,"height":260,"caption":"XRP"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions","url":"http:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["blockchain","blockchain technology","crypto","crypto news","defi","xrp ledger","xrp ledger news","xrp news","xrp price","xrp price analysis","xrp price chart","xrp price news","xrpusd","xrpusd price"],"dateCreated":"2024-05-29T03:00:48Z","datePublished":"2024-05-29T03:00:48Z","dateModified":"2024-06-11T07:20:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-ledger-daily-payment-volume-soars-350-hitting-2-million-transactions\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Downpic.cc-2191178753.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Downpic.cc-2191178753.jpg?fit=462%2C260\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"blockchain\",\"blockchain technology\",\"crypto\",\"crypto news\",\"defi\",\"xrp ledger\",\"xrp ledger news\",\"xrp news\",\"xrp price\",\"xrp price analysis\",\"xrp price chart\",\"xrp price news\",\"xrpusd\",\"xrpusd price\"],\"dateCreated\":\"2024-05-29T03:00:48Z\",\"datePublished\":\"2024-05-29T03:00:48Z\",\"dateModified\":\"2024-06-11T07:20:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2191178753.jpg?fit=462%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610307"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=610307"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/610308"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=610307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=610307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=610307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}