TIX Pools Fuel 97.24% of XRPL Volume Despite Only 185 Trades
Two small pools on the XRP Ledger (XRPL) have been responsible for an outsized portion of its seven-day automated market maker (AMM) volume. According to XRPL.to's Sept. 24 feed, these two pools, which exchange TIX for other issued tokens, accounted for 97.24% of the reported 2.82069 billion seven-day volume.
The two pools are XPM/TIX and RLUSD/TIX, which were created on Sept. 21 and list the same TIX issuer and pool creator. These pools do not contain native XRP, but instead exchange other tokens for TIX.
Despite their significant contribution to the volume, these pools only generated 185 trades in XRPL.to's rolling seven-day window. The provider's tally also highlights that a routed payment can pass through more than one pool, making it difficult to determine the number of independent traders involved and the value of each trade.