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On-chain data shows that the XRP network has seen a surge in activity in recent days. First of all, an increase in the number of active addresses was recorded, and the number of addresses increased. During the same period, the activity of XRP developers has increased.
Despite these positive developments, the number of new accounts on the XRP network has remained relatively unchanged in recent days.
XRP trading volume has been declining for several weeks, from 2.13 billion on October 14 to 1.41 billion at the time of writing. In addition, his speed also suffered. Thus, this indicates that the frequency of transferring XRP between different addresses has decreased.
According to the crypto analytics portal Coin Metrics, the number of large wallets with more than 1 million XRP in balance has reached an all-time high. The number of such addresses reached 1894.
The NFT marketplace onXRP.com reported yesterday that its volume was $1.4 million due to the minting of XRPL PUNKS. Other XRP NFTs have also seen growth on the same platform.
It remains to be seen if XRP will be able to take advantage of the new NFT support features.
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