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Tehol_Beddict

Payment Network Volume

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3 minutes ago, Tehol_Beddict said:

Does anyone have any idea as to why the ripple network payment volume might be so high today - $760mm? Also, is there still a way to see how much XRP is in circulation? Looks like that info was taken down. I'm curious if this volume indicates additional xrp being distributed.

Use this tool to see why: http://wolles-bucket.s3-website-eu-west-1.amazonaws.com/XRPvolume/?#
Tl;dr Polo moved money from Cold wallets. 
Ripple moved money ~reliefcurrency; ~cobra. Yesterday saw Larsen moved some 100MM in his wallets. 
Possibly large holder ~1.3B XRP moved some money. Or it may be another Polo wallet. 

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7 minutes ago, Tehol_Beddict said:

Does anyone have any idea as to why the ripple network payment volume might be so high today - $760mm? Also, is there still a way to see how much XRP is in circulation? Looks like that info was taken down. I'm curious if this volume indicates additional xrp being distributed.

Payment volume simply reflects XRP that was moved from one address to another. Ripple moves their XRP from time to time for security reasons which was likely the case here.

Also, Ripple distributes XRP from one primary address. You can watch it here: https://bithomp.com/explorer/r9B3osCvQ28Chgv1qKDqwcGkQaDZJf4iqB. The net amount of their distribution may not match the numbers you see leaving this wallet exactly because they sometimes take back XRP which is delivered to a different address. 

 

Considering only 120M XRP were distributed, on 5/12, distribution does not explain the high payment volume.

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