XRP Ledger Micropayments Trigger Crucial Transaction Boom

XRP Ledger （XRPL） has recorded a significant increase in on-chain transactions due to the growth of microtransactions, highlighting its potential for micropayments.

Points

• XRP Ledger’s on-chain transactions have increased significantly.
• Growth in microtransactions is driving this uptick.
• XRP Ledger is positioning itself as a chain for micropayments.
• The protocol has recorded several milestones and upgrades.
• The growth of XRPL could support XRP’s price recovery.

XRP Ledger （XRPL） is far from being a ghost chain, as it recently recorded an impressive boost in on-chain transactions. Highlighted by XPMarket CEO Artur Kirjakulov, XRPL has seen sustained growth trends since the start of this month.

Snapshots shared by Kirjakulov show that on July 2, the total recorded transactions were 1.4 million, with 60,000 total trades. This number jumped to 1.6 million total transactions the next day, with total trades dropping to 51,000. By July 4, the total transactions increased to 1.85 million, and by July 8, it jumped to 2.3 million with 607,000 trades. A week later, on July 16, the total transactions hit 4.15 million, with 853,000 trades.

The one-week growth of over 80% underscores the health of the XRP Ledger protocol. Kirjakulov attributes this trend to the growing user count, with the growth of microtransactions playing a significant role. XRPL has recorded several milestones and upgrades, such as the fixAMMOverFlow upgrade and a series of sidechain launches, positioning itself as a chain for micropayments.

The protocol’s growth is crucial for XRP’s long-overdue price recovery. More use cases on the ledger drive XRP’s demand, potentially helping it breach the $1 threshold in the long term. This ambitious projection could get a further push if the Ripple versus SEC lawsuit concludes favorably.

解説

• XRP Ledger’s on-chain transactions have surged, driven by the growth of microtransactions.
• The protocol has recorded significant milestones and upgrades, positioning itself as a leader in micropayments.
• The increased transaction count highlights the health and usability of XRP Ledger.
• The growth of XRPL could support XRP’s price recovery, potentially breaching the $1 threshold.
• A favorable conclusion to the Ripple versus SEC lawsuit could further boost XRP’s value.