Ripple officially released the XRP market report for the first quarter of 2024, and the data shows that:
1. The low point of XRP price appeared in mid-February and peaked in March, with volatility still above 90%.
2. In the spot exchange trading volume of XRP, Binance continues to account for a large part of the trading volume, but the contribution of different exchanges varies. The total trading volume of Coinbase, Bitstamp, and Upbit also accounts for a considerable proportion. The XRP trading volume distribution of each exchange in the first quarter remained quite stable, with Binance, Bybit, and Upbit accounting for more than 70% of the total trading volume.
3. The percentage of trading volume between fiat and XRP trading pairs decreased from 15% in the fourth quarter of last year to 11%. Most XRP trading activity is currently related to USDT.
On-chain transaction volume increased by 108%, and the average cost per transaction decreased by 45%.
As of March 31, 2024, Ripple held a total of 4,836,166,156 XRP, and the total amount of XRP held in ledger custody was 40,100,000,005.
Ripple Q1 XRP Market Report: Total holdings exceed 4.83 billion XRP, with most trading activity related to USDT
2024-05-19 01:18:59
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