XRP Ledger Payment Transaction, Lowest Since October… Activity Plummets

The number of payment transactions on Ripple's blockchain network, XRP Ledger (XRPL), has fallen to its lowest level since last October. According to a report by Coindesk, the number of payment transactions on XRPL currently stands at about 320,000, significantly reduced compared to the 1 million recorded in March and April based on XrpScan data.

The number of active addresses also decreased to below 10,000, marking the lowest level since last October. Amid Ripple's aggressive moves such as targeting the global remittance market and issuing the stablecoin RLUSD, the actual usage of the network is showing a declining trend, attracting attention.