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:
The low point of XRP price occurred in mid-February and peaked in March, with volatility levels still above 90%;
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;
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;
On-chain trading volume increased by 108%, and the average cost per transaction decreased by 45%;
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.
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