HomeCryptoAltcoinRipple: the 2019 Q4 report has been published

Ripple: the 2019 Q4 report has been published

Ripple published the Q4 2019 report regarding the XRP market

The report reveals that, from the creation of the XRP Ledger until December 31st, 2019, more than 51 million transactions have been recorded in total, with more than 150 validators participating in the network and no transactions have ever been discriminated against or censored. 

In the third quarter of 2019, Ripple also reduced XRP sales and continued this approach in the fourth quarter, but the report argues that it is still difficult to obtain reliable data on actual trading volumes from public sources. 

In Q4, total XRP sales were $13.08 million, down from $66.24 million in the prior quarter. In addition, Ripple suspended scheduled sales, focusing exclusively on over-the-counter sales with strategic partners. 

Average daily trading volume also decreased from $198.10 million to $187.34 million compared to the prior quarter, while the volatility of XRP decreased from 3.6% in the third quarter to 3.1% in the fourth quarter. 

The report also reveals that as of December 31st, 2019 Ripple still had 49.9 billion XRP locked in a series of escrows and that these XRP are being released to the company at a rate of one billion per month. Therefore, in Q4 2019, 3 billion XRP were released as well. 

However, during the quarter, 2.7 billion XRP were returned and new deposit contracts were subsequently stipulated. 

During the year, XRP derivatives became available in several markets, such as Binance, Huobi, OKEx, AAX and FTX, which helps to improve the efficiency, liquidity and strength of the XRP market. 

The lending market has also gained momentum throughout the past year, and XRP has become available on many of the largest crypto loan platforms including Genesis, Celsius, Nexo and SALT. 

The report includes information not only about XRP but also about other Ripple services. 

For example, during 2019, the dollar volume traded through ODL (On-Demand Liquidity) increased more than a hundred times from Q1 to Q4, and in particular from Q3 to Q4 increased by 650%. The number of ODL transactions also increased by 390%. 

Ripple made an investment in Bitso, the largest exchange in Mexico, to support RippleNet’s US-MXN channel.

Xpring.io, the new website that serves as a central hub for developers, has been launched and an investment has been made in BRD, one of the industry’s oldest crypto wallets that will rely on Xpring to support and integrate XRP. 

Finally, Xpring has invested in Towo Labs, a company that develops open-source software to fully support XRP on hardware wallets. 

 

Marco Cavicchioli
Marco Cavicchioli
Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".
RELATED ARTICLES

MOST POPULARS

GoldBrick