Ripple Q1 XRP Market Report: Total holdings exceed 4.83 billion XRP, with most trading activity related to USDT

ChainCatcher message, Ripple officially released the XRP market report for Q1 2024, showing that:

1. The low point of XRP price occurred in mid-February and peaked in March, with volatility levels still above 90%;

2. In the spot trading volume of XRP, Binance continues to account for a large portion of the volume, but the contributions from different exchanges vary. The total trading volume from Coinbase, Bitstamp, and Upbit also accounts for a significant proportion. The distribution of XRP trading volume across exchanges remained quite stable in Q1, with Binance, Bybit, and Upbit accounting for over 70% of the total trading volume;

3. The percentage of trading volume for fiat to XRP trading pairs decreased from 15% in Q4 last year to 11%. Currently, most XRP trading activities are related to USDT;

4. On-chain trading volume increased by 108%, and the average cost per transaction decreased by 45%;

5. As of March 31, 2024, Ripple holds a total of 4,836,166,156 XRP, with a total of 40,100,000,005 XRP held in escrow.