XRP Sees On-Chain Growth Amid Declining Network Activity
Ripple's XRP has seen significant growth in on-chain activities such as stablecoin supply and tokenization, but this progress is overshadowed by declining network activity.
The payment volume, transactions, and active addresses of XRP have all decreased in Q3 compared to Q2, despite the low transaction costs and rising liquidity.
This disconnect between on-chain growth and network activity has led to a decline in XRP's price, which has stayed near $1.00 in August.