Add as a preferred source on GoogleXRPL Payment Volume Rises 207% to 1.16 billion XRP on Nov. 9
The total was nearly twice the 30-day average of 580.6 million XRP, but below readings of 1.9 billion XRP on Sept. 25, 1.8 billion on Oct. 30 and 1.33 billion on Nov. 1.
The XRP Ledger (XRPL) payment volume rose 207.4% to about 1.16 billion XRP on Nov. 9, nearly twice its 30-day average but below higher daily readings in September and October.
That compared with a 30-day average of 580.6 million XRP. Earlier daily readings were about 1.9 billion XRP on Sept. 25 and 1.8 billion XRP on Oct. 30. The Nov. 9 total also trailed the Nov. 1 reading of 1.33 billion XRP.
The measure counts XRP transferred between accounts, separately from the number of payments. XRPL Payment transactions can handle direct XRP transfers, token payments and cross-currency payments.
Payment volume alone does not reveal how many accounts were active or why funds moved. It also does not show whether the transfers reflected new buying demand.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.