XRP Ledger's active traders fall 40% as volumes, value held rise
Daily order-book traders on XRPL fell 40% year-over-year while volume rose 79% and value held exceeded $4B.
The XRP Ledger has seen a notable shift in its trading activity over the past year, with far fewer daily order-book participants but significantly larger transaction volumes, according to a recent report from CoinDesk.
Daily order-book traders on XRPL fell by roughly 40% compared to the same period last year. At the same time, trading volume climbed by 79%, indicating that fewer users are now executing larger trades.
The report also noted that the total value held on the XRP Ledger has risen above $4 billion. This combination of declining participant numbers and rising volume and value suggests a market increasingly driven by larger, possibly institutional, actors rather than a broad base of retail traders.
The findings reflect ongoing changes in how the XRP Ledger is used, though the report did not specify the reasons behind the trend.