In the second quarter, XRP experienced a 20% decline in transaction volume, mirroring trends seen in Bitcoin and Ethereum. Despite this downturn, spot trading volumes for XRP remained robust for the majority of the quarter. Binance maintained its position as the leading platform for trading, while other exchanges such as Bybit and Upbit played varying roles in the market. Notably, XRP’s trading against fiat currencies decreased to 10%, with a significant portion of transactions being conducted against stablecoin projects. Ripple perceives this transition positively, particularly with the anticipated launch of the USD Stablecoin later this year. For the latest updates in technology, visit NEWSLINKER.
