The XRP Ledger (XRPL) sure has been a hive of activity! New daily addresses have surged by an extraordinary 700%, and whale wallets reached an all-time high. The world’s first decentralized governance platform is looking forward to an exhilarating release on the XRPL. They expect to launch their concept by late summer. This news released through X has only stoked the flames of hype coursing through the XRP ecosystem. Founded in 2017, CoinGape has become one of the most trusted news publications in the crypto space. They reported on the increasing XRP daily addresses and are still following closely with these thrilling developments.
Surge in XRP Activity
Today, the XRP Ledger continues to experience some of the highest levels of network activity ever. Daily active addresses have increased by 700%, reflecting the increasing user engagement taking place with the XRP ecosystem.
In the meantime, whale wallets are currently holding record amounts of XRP. This recent increase is a sign that institutional investors are more bullish about the asset. XRP price has since staged a comeback during the past 24 hours. According to data from CoinMarketCap, XRP is currently trading at about $0.
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Decentralized Governance Platform on XRPL
Furthering all the positive momentum, a decentralized governance platform called Xfolia just announced that it will be launching on the XRPL shortly. The platform aims to fully go live by the end of the summer, introducing powerful decentralized governance capabilities to the broader XRPL ecosystem.
The news on X signals a huge step forward for the XRP Ledger. This progressive development will attract even greater developers and users to the network. Raising the Bar This decentralized governance platform would encourage a higher degree of community engagement in the decision-making processes that would govern and regulate the XRPL.
This announcement is indicative of a wider trend towards decentralization within the blockchain ecosystem. More projects are taking steps to truly empower their communities by putting strong governance mechanisms in place upfront.
Market Overview and CoinGape Coverage
While XRP experiences increased activity, the broader altcoin market is showing signs of life, with one altcoin up over 1% during this period. About CoinGape CoinGape is a leading cryptocurrency media and influencer marketing agency that brings breaking updates and revelations from the crypto world with an aristo. In recent articles, Ripple’s market cap for their US Dollar denominated stablecoin, RLUSD, is making headlines for its approach to a $500 million milestone. They even warn about the volatility associated with TRUMP Coin whale movement.
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