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XRP Ledger Grows Despite SEC Litigation
XRP Ledger announces growth based on Q2 results
Things are going as expected in XRP, which has been in a long dispute with the SEC. XRP Ledger's second quarter reports show us the growth.
XRP Ledger Records Growth in Q2 Reports
A report from the Messari front revealed that the company recorded growth in the second quarter of 2023. The report states that despite concerns about the SEC lawsuit, XRPL recorded significant growth in the second quarter of 2023. XRP Ledger experienced a significant increase in the total number of new addresses reaching 138,790, with a growth of 31.8 percent over the same period of 2022.
According to Messari's report, XRP Ledger (XRPL) has seen significant growth in many areas of the protocol despite concerns over Ripple and the SEC lawsuit. The report shows that the circulating market value of XRP has increased by 42.5 percent to date. Although this growth was driven by the asset's price increase in the first quarter, its market capitalization fell 10.7 percent in the second quarter from $27.8 billion to $24.8 billion.
Although the XRP platform experienced a decrease in trading volume from quarter to quarter, daily average NFT transactions rose by a notable 12.7 percent from 13,800 to 15,500.
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