{"id":546690,"date":"2023-08-10T17:00:33","date_gmt":"2023-08-10T17:00:33","guid":{"rendered":"https:\/\/uniquehot.com\/?p=546690"},"modified":"2024-06-11T07:59:22","modified_gmt":"2024-06-11T07:59:22","slug":"xrp-daily-transactions-surpass-ethereum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-daily-transactions-surpass-ethereum\/","title":{"rendered":"The Spoils Of Victory: XRP Daily Transactions Surpass Ethereum"},"content":{"rendered":"

On the back of Ripple\u2019s partial win over the United States Securities and Exchange Commission (SEC), activity on the blockchain has ramped up quickly. This increase has now seen XRP beat out market leader Ethereum when it comes to the number of daily transactions carried out on the blockchain.\u00a0<\/span><\/p>\n

Ripple Leading The Pack<\/h2>\n

While the euphoria from Judge Analisa Torres\u2019s ruling has been waning, there is still enough left to continue to drive new milestones on Ripple\u2019s XRP Ledger. The most prominent of these has been the number of transactions that are being carried out on the Ledger since the ruling.<\/span><\/p>\n

Related Reading: Pro-XRP Lawyer John Deaton Says He Is Willing To Bet That Ripple Will Win SEC Appeal<\/a><\/div>\n

Despite ending the month of July on a low note, the transactions have picked up in August. According to <\/span>data<\/span><\/a> from BitInfoCharts, daily transactions on the Ripple Ledger have consistently crossed 1 million since the start of August.<\/span><\/p>\n

This puts XRPL ahead of leading blockchains such as Ethereum (ETH) and Bitcoin (BTC), both of which have seen daily transaction figures come out below 1 million this month. On August 2, which has been the best day of the month so far for Ripple, transaction figures crossed 1.3 million, compared to 1.04 million for Ethereum and 390,000 for Bitcoin.<\/span><\/p>\n

\"XRP<\/p>\n

XRP daily transactions rise above Ethereum | Source: BitInfoCharts<\/a><\/pre>\n
The new milestone comes after XRP first experienced a sharp drop in July. But since then, the blockchain has been on an upward trajectory. According to the present data, the XRP Network carried out 1.1173 million transactions on Thursday, August 9, almost double the number of its July 29 low of 612,000.<\/span><\/p>\n
However, despite the rise in transaction numbers, XRP continues to lag behind Bitcoin and Ethereum in terms of volume. Coinmarketcap data shows Bitcoin\u2019s volume over the last day was $14 billion, Ethereum was in second with $4.2 billion, while XRP volume came in at $1.7 billion.<\/span><\/p>\n
\"Ripple<\/p>\n
Token price falls from local peak following court ruling | Source: XRPUDST on Tradingview.com<\/a><\/pre>\n
SEC\u2019s Appeal Brings Down The XRP Momentum\u00a0<\/b><\/h2>\n
XRP had undoubtedly enjoyed a huge boost following Judge Analisa Torres\u2019 partial summary judgment in favor of Ripple in its <\/span>ongoing case<\/span><\/a> against the US Securities and Exchange Commission (SEC).<\/span><\/p>\n
Related Reading: Billionaire Investor Wishes He Bought Bitcoin Early On, Here\u2019s Why<\/a><\/div>\n
XRP experienced a massive spike from $0.47 to $0.81 (+72%) on the 13th of July (the day the partial summary judgment was given). However, it has since then retracted to the present zone. The token has maintained its current price range since the start of August with no significant movement upwards since then.\u00a0<\/span><\/p>\n
Furthermore, the SEC\u2019s intention to file an <\/span>interlocutory appeal<\/span><\/a> may also draw down XRP\u2019s momentum. In fact, XRP has reacted negatively to the aforementioned news as it is trading at around $0.6293, down 2.24% in the last 24 hours.<\/span><\/p>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On the back of Ripple\u2019s partial win over the United States Securities and Exchange Commission (SEC), activity on the blockchain has ramped up quickly. This increase has now seen XRP beat out market leader Ethereum when it comes to the number of daily transactions carried out on the blockchain.\u00a0 Ripple Leading The Pack While the euphoria from Judge Analisa Torres\u2019s ruling has been waning, there is still enough left to continue to drive new milestones on Ripple\u2019s XRP Ledger. The most prominent of these has been the number of transactions that are being carried out on the Ledger since the ruling. Related Reading: Pro-XRP Lawyer John Deaton Says He Is Willing To Bet That Ripple Will Win SEC Appeal Despite ending the month of July on a low note, the transactions have picked up in August. According to data from BitInfoCharts, daily transactions on the Ripple Ledger have consistently crossed 1 million since the start of August. This puts XRPL ahead of leading blockchains such as Ethereum (ETH) and Bitcoin (BTC), both of which have seen daily transaction figures come out below 1 million this month. On August 2, which has been the best day of the month so far for Ripple, transaction figures crossed 1.3 million, compared to 1.04 million for Ethereum and 390,000 for Bitcoin. XRP daily transactions rise above Ethereum | Source: BitInfoCharts The new milestone comes after XRP first experienced a sharp drop in July. But since then, the blockchain has been on an upward trajectory. According to the present data, the XRP Network carried out 1.1173 million transactions on Thursday, August 9, almost double the number of its July 29 low of 612,000. However, despite the rise in transaction numbers, XRP continues to lag behind Bitcoin and Ethereum in terms of volume. Coinmarketcap data shows Bitcoin\u2019s volume over the last day was $14 billion, Ethereum was in second with $4.2 billion, while XRP volume came in at $1.7 billion. Token price falls from local peak following court ruling | Source: XRPUDST on Tradingview.com SEC\u2019s Appeal Brings Down The XRP Momentum\u00a0 XRP had undoubtedly enjoyed a huge boost following Judge Analisa Torres\u2019 partial summary judgment in favor of Ripple in its ongoing case against the US Securities and Exchange Commission (SEC). Related Reading: Billionaire Investor Wishes He Bought Bitcoin Early On, Here\u2019s Why XRP experienced a massive spike from $0.47 to $0.81 (+72%) on the 13th of July (the day the partial summary judgment was given). However, it has since then retracted to the present zone. The token has maintained its current price range since the start of August with no significant movement upwards since then.\u00a0 Furthermore, the SEC\u2019s intention to file an interlocutory appeal may also draw down XRP\u2019s momentum. In fact, XRP has reacted negatively to the aforementioned news as it is trading at around $0.6293, down 2.24% in the last 24 hours. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":546708,"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":[1946,3680,4531,84758,89092,10972,78763],"class_list":["post-546690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ethereum","tag-ripple","tag-xrp","tag-xrp-ledger","tag-xrp-transactions","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nThe Spoils Of Victory: XRP Daily Transactions Surpass Ethereum<\/title>\n<meta name=\"description\" content=\"On the back of Ripple\u2019s partial win over the United States Securities and Exchange Commission (SEC), activity on the blockchain has ramped up quickly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"The Spoils Of Victory: XRP Daily Transactions Surpass Ethereum","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-daily-transactions-surpass-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-daily-transactions-surpass-ethereum\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1370115266.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1370115266.jpg?fit=2121%2C1414"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ripple","xrp","xrp ledger","xrp transactions","xrpusd","xrpusdt"],"dateCreated":"2023-08-10T17:00:33Z","datePublished":"2023-08-10T17:00:33Z","dateModified":"2024-06-11T07:59:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"The Spoils Of Victory: XRP Daily Transactions Surpass Ethereum\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-daily-transactions-surpass-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-daily-transactions-surpass-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1370115266.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1370115266.jpg?fit=2121%2C1414\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ripple\",\"xrp\",\"xrp ledger\",\"xrp transactions\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-08-10T17:00:33Z\",\"datePublished\":\"2023-08-10T17:00:33Z\",\"dateModified\":\"2024-06-11T07:59:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1370115266.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/546690"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=546690"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/546690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/546708"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=546690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=546690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=546690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}