Ripple Demonstrates Strong Growth for XRP and XRPL Amid Ongoing Legal Battle with SEC
Saturday, 18 May 2024, 21:05
Ripple Reports Robust Q1 Growth for XRP and XRPL Despite SEC Legal Battle
Ripple remains confident in its position, countering the SEC's $2 billion fine request. The firm's Q1 report reveals strong network activity for XRP and XRPL.
XRP And XRPL Wins Big in the First Quarter
- XRP's daily spot trading activities surged 40% to approximately $865 million
- XRPL transactions doubled to over 251 million
- Average transaction fees decreased by 45% to $0.000856
Ripple CEO Brad Garlinghouse: 'More XRPL traction – I'm particularly excited that the native AMM went live in Q1.'
Ripple faces ongoing lawsuit with the SEC, nearing a conclusion with discussions ongoing about the potential fine amount.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.