XRP Prints Multiple Growth Milestones in Q2 - Messari
The XRP Growth Highlight According to the Messari data, XRP ’s circulating market cap jumped by 42.5% Year-to-Date (YTD), a growth that was achieved following the upsurge in the price of the asset in the first quarter. Despite this substantial growth, the market cap decreased 10.7% Quarter on Quarter (QoQ) from $27.8 billion to $24.8 billion in Q2. advertisement While the XRP network saw a slowdown in its transaction volume QoQ, the average daily NFT transactions increased 12.7% QoQ from 13,800 to 15,500. While XRP, through the XRPL, has a robust Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystems, many do not regard its influence when compared to top competitors like Ethereum (ETH) and Solana (SOL). This trend has, however, started changing. Another major highlight revealed by the Messari data is the expansion of the XRPL sidechains. Two prominent protocols including Coreum and Root Network were recently launched. These protocols are ver...