XRP Ledger Nearing 1 Billion Cumulative Transactions...Will the Price Rise Too?

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With the XRP Ledger rapidly approaching 1 billion cumulative transactions, showing faster-than-expected growth, its ecosystem expansion is accelerating.

According to crypto media outlet U.Today on April 22 (local time), the XRP Ledger's cumulative transaction volume is on the verge of surpassing 1 billion. Currently, the XRP Ledger's cumulative transactions have exceeded approximately 950 million, and with the daily average transaction volume increasing rapidly, the timing for reaching 1 billion transactions is being brought forward from initial expectations.

This trend reflects the expanding real-world use of the network. Alongside the overall activation of transactions in the virtual asset market, the testing and integration of RLUSD, the stablecoin issued by Ripple, are actively underway. Institutional investor participation in transactions is also increasing, rapidly broadening the scope of XRP Ledger's utilization.

Based on on-chain data, the daily active addresses on the XRP Ledger are showing a steady increase. Users of decentralized exchanges built on the XRP Ledger are also growing. Ripple is pursuing the establishment of global financial infrastructure through its North Star strategy, and surpassing 1 billion transactions is considered a turning point for mainstream adoption.

The market anticipates that the increase in network transaction volume will act as a factor strengthening XRP's price support. Ripple recently enhanced its market responsiveness by supplying liquidity to platforms like Coinbase. The expansion of the stablecoin market is also considered a key factor in strengthening the XRP Ledger's competitiveness.

The XRP Ledger's milestone of 1 billion transactions is regarded as a symbolic benchmark in the virtual asset market. Ripple is also advancing its security technology by concurrently pursuing quantum-resistant plans. Increased network-based activity and ecosystem expansion are leading to a stronger market presence.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*