Ripple’s Q3 market report revealed that XRP’s common each day quantity reported in Q3 was $403.58 million, a substantial improve from $196.28 million in Q2.
This quantity was inclusive of Line of Credit score, a brand new beta service on RippleNet that permits clients utilizing On-Demand Liquidity (ODL) to supply capital on-demand. Concerning Ripple’s purchases of XRP, the corporate acknowledged that,
“Ripple is buying – and will proceed to buy – XRP to assist wholesome markets. This can be a near-term product answer for the Line of Credit score beta. Lengthy-term, Ripple is constructing new ODL capabilities to dynamically supply XRP liquidity from the open market, not simply Ripple.”
Ripple’s give attention to the creation of this liquidity has been directed in the direction of its On-Demand Liquidity (ODL) merchandise.
It was additionally reported that XRP’s volatility at 3.5% over the quarter was greater than that of BTC (3.2%) and ETH (3.3%).
Making a case for itself as soon as once more, as a bridge foreign money, the chart above demonstrates XRP’s low transaction time for an asset switch over $10,000 USD equal in BTC, ETH, and XRP from Binance to Coinbase.
Reportedly, the inter-exchange switch time for XRP can go as little as 18 seconds, as seen on Bitstamp to HitBTC.
This may enable merchants to seize time-limited arbitrage alternatives by capitalizing on XRP’s pace and low transaction prices.
Ripple additionally famous that the discharge of the XRP Ledger v1.6 launched new options and enhancements reminiscent of a extra sturdy consensus mechanism and the Destructive UNL modification on devnet to check reliability, stability, efficiency, and safety.