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XRP Ledger transaction volume surpasses total trading volume


Julian_Williams

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Sorry man I've been busy all day. I found out that the high payment volumes were mostly consisted of wallet movements.

During that span there was a wallet transfer of 760,000,000 xrp which at the price of xrp would have been about 357,200,000$ which was more than half of the 600,000,000$+ that we saw on the ledger and a bunch of other multi million dollar transactions and from the looks of if you take out all the wallet movements within that 24 hour span you are between 100,000,000 to 150,000,000 million dollars running thru which would most likely be your xrapid volume.

Which is funny cause if you look at the payment volume now it is 119,335,086.91$ which is right in between what I mentioned earlier. So it seems xrapid volume is around the 100,000,000 dollar area. We will have to see if it ramps up or drops off more but im  pretty sure it should not go much lower than where we are now. Thanks

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3 hours ago, Kpuff said:

Sorry man I've been busy all day. I found out that the high payment volumes were mostly consisted of wallet movements.

During that span there was a wallet transfer of 760,000,000 xrp which at the price of xrp would have been about 357,200,000$ which was more than half of the 600,000,000$+ that we saw on the ledger and a bunch of other multi million dollar transactions and from the looks of if you take out all the wallet movements within that 24 hour span you are between 100,000,000 to 150,000,000 million dollars running thru which would most likely be your xrapid volume.

Which is funny cause if you look at the payment volume now it is 119,335,086.91$ which is right in between what I mentioned earlier. So it seems xrapid volume is around the 100,000,000 dollar area. We will have to see if it ramps up or drops off more but im  pretty sure it should not go much lower than where we are now. Thanks

Wasn't there a additional transfer of 200 million?  Not to get too far off topic but know anything about that 200 mill being put into escrow released at 10 million per month? 

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What do we make of this speculation? Anything?

"Many speculate that the creation of escrows by Ripple apart from their usual 1 billion XRP escrows is out of the ordinary, and may depict institutions locking up XRP for use at a later date, which are set from December 1st, 2018 to July 15th, 2020. The funds are also set to be returned to the same account once the contract expires in 11 months. Any developments with the escrowed funds will be seen at that time, but as of now, this removes close to 200 million XRP from circulation by locking them up in these accounts."

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7 hours ago, GiddyUp said:

What do we make of this speculation? Anything?

"Many speculate that the creation of escrows by Ripple apart from their usual 1 billion XRP escrows is out of the ordinary, and may depict institutions locking up XRP for use at a later date, which are set from December 1st, 2018 to July 15th, 2020. The funds are also set to be returned to the same account once the contract expires in 11 months. Any developments with the escrowed funds will be seen at that time, but as of now, this removes close to 200 million XRP from circulation by locking them up in these accounts."

Thats what i was asking about too. Wonder who it is and for what purpose 

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