Payment volume on XRP Ledger drops to lowest level since October last year

Odaily Planet Daily News XRPScan data shows that activity on XRP Ledger has slowed significantly, with payment transactions falling to 320,747, the lowest since October last year, far below the average level of over one million in March-early May. The number of active addresses has also fallen below 10,000, also the lowest since October. At the same time, the number of XRP destroyed as a fee fell to 1,500, the lowest in several months, coinciding with the slowdown in the creation of new accounts. The Messari report is optimistic about the prospects of XRP Ledger, saying that institutional adoption has increased through strategic partnerships and acquisitions. XRP has not benefited from Bitcoin's new highs as at the beginning of the year, which may indicate weakening demand and should be treated with caution, as a potential decline in Bitcoin may put pressure on XRP prices. (CoinDesk)