How XRP benefits from XRPL, as per Ripple’s CTO

The XRP ledger helps to add liquidity to the XRP token XRP was struggling to improve user adoption In another round of habitual conversation, Ripple’s [XRP] CTO David Swchartz elucidated the contributions of the XRP Ledger [XRPL] to its underlying token. The discussion started when Zach Rector asked for clarity about XRPL’s financial or material […]

that the volume had decreased to 22,100. This means that the aggregate number of transactions passing through decentralized exchanges had fallen. This translates to a decrease in traders’ interest in jumping on the XRP price action.On the other hand, the total number of XRP trustlines created has also been following a downward trend. The decline in the metric suggests that only a few users were involved in issuing new assets on the ledger. Furthermore, these users were not willing to hold.

“Because there are lots of technologies that don’t work with XRP. And people who use those technologies will have a much harder time migrating to XRP.”Subscribe to get it daily in your inbox.

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