XRP Ledger saw significant growth and activity in Q1
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The dramatic increase in payment transactions had a substantial impact on the overall transaction landscape of the XRP Ledger. Payments became the most common transaction type over the quarter, a role historically dominated by OfferCreates.The report noted that nearly all measures of network activity increased in Q1, 2024. Active addresses and transactions rose by 37% and 113% QoQ, respectively.
The integration of the Axelar bridge and the new stablecoin are poised to serve as liquidity catalysts for the new AMM and upcoming tokenized assets from real-world asset projects like Zioniqx. In January, rippled 2.0 was released, proposing amendments for a Cross-Chain bridge , DIDs and two other amendments for the community to vote on.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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