XRP has Overtaken Ethereum Again in the Transaction Volume Department

The growth of a blockchain ecosystem can be achieved through different means. One option is to look at the network’s transaction volume over time.

If that is the go-to metric, Ripple’s XRP is seemingly doing a lot of things right.

XRP Notes Major Transaction Growth

It is evident that comparing this network to either Bitcoin or Ethereum has no real point, on paper.

Ripple is targeting a very different audience compared to both of these cryptocurrencies.

That said, a lot can be learnt from looking at the overall growth in transaction volume.

Looking at those statistics, it has become apparent that XRP is on the right track as of late. 

Its network notes a very strong increase in transactions since early 2019.

So much even that it has surpassed Bitcoin, Ethereum, and Litecoin alike.

Related Post

Particularly this latter network has seen very little action to speak of, as it remains relatively flat in this particular department. 

Even though Ethereum had overtaken XRP in late 2018, it seems that situation has now turned around completely.

The past few months have yielded many headlines for Ripple, some of which involve their native asset.

There appears to be an increasing interest in the company’s On-Demand Liquidity, which could explain the increase in blockchain transactions overall.

Despite the success of Ripple’s asset, Ethereum remains well ahead of Bitcoin in this department.

Depending on how the situation evolves, these statistics may look very different in six to twelve months from today.

Cryptocurrency networks an blockchains will continue to grow and evolve over time, both in terms of scalability and their daily transaction volume.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

Shiba Inu (SHIB) And FTX Token (FTT) No Longer Profitable? Check Out The Collateral Network (COLT) Presale!

Because many cryptocurrencies are currently in a correction phase, their prices have stagnated. With Shiba…

12 hours ago

Polkadot (DOT) Price Prediction 2023-2025. How Will It Fare Compared to Polygon (MATIC) and TMS Network (TMSN)?

Polkadot (DOT)'s use case as an interoperable, scalable, and effective chain has made it a…

2 days ago

Shiba Inu (SHIB) and Axie Infinity (AXS) Fall Behind as TMS Network (TMSN) hitted already the 3 Million Dollar Mark and Sees Powerful Gains in Q2 2023

Over the years, the crypto space has seen powerful competition with innovative developments. Recently, a…

2 days ago

Witness the Unstoppable Rise of TMS Network (TMSN) as It Outpaces Cardano (ADA) and XRP (XRP) in the Ultimate 2023 Crypto Race

Revolutionary new comer, TMS Network (TMSN) is leading the crypto race in 2023, outpacing competitors…

3 days ago

Decentraland (MANA) And Huobi Token (HT) Looking Too Risky? Meet Collateral Network (COLT)!

Crypto investing may be profitable, but only the most promising tokens are set to bring…

4 days ago

TMS Network (TMSN) Up a Staggering 700% During Presale Event. Can Polkadot (DOT) and Polygon (MATIC) Compete?

News of the TMS Network (TMSN) presale 1 event sent shockwaves in the crypto world…

5 days ago