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

Odaily Planet Daily News: XRPScan data shows that activity on XRP Ledger has significantly slowed down, with payment transaction volume dropping to 320747, the lowest since October last year and far below the average level of over one million transactions from March to early May. The number of active addresses has also dropped below 10000, the lowest since October. At the same time, the number of XRPs destroyed as transaction fees decreased to 1500, the lowest in several months, which is consistent with the slowdown in the creation of new accounts. The Messari report is optimistic about the prospects of XRP Ledger, stating that institutional adoption rates have increased through strategic partnerships and acquisitions. XRP did not benefit from the new high of Bitcoin as it did at the beginning of the year, or imply a decrease in demand, and should be treated with caution as the potential decline of Bitcoin may put pressure on XRP prices. （CoinDesk）