$XRP Traded by Smaller Group of Active Accounts Despite Decline

The XRP Ledger saw fewer active accounts in Q2 compared to last year, but the accounts still trading on its main exchange were moving almost three times as much $XRP. Order-book trading averaged 3.57 million $XRP a day during the quarter, up 79% from a year earlier.

The number of accounts initiating those trades fell to about 1,100 a day from more than 1,860, but the data shows that these active accounts were moving significantly more $XRP - roughly 3,200 per account each day, compared to about 1,070 a year earlier.

This trend indicates that $XRP is being traded by a smaller group of active accounts. The number of assets $XRP changed hands against on the order book fell to about 319 a day from 480, down 18% on the year and the lowest in the six quarters covered.