XRP Ledger Transactions Touch 88.8 Million in Q3 2021
- Total ODL-related sales climbed sharply in the third quarter.

On Friday, Ripple published its quarterly XRP Markets Report to voluntarily provide transparency regarding the adoption of XRP. In Q3 of 2021, a total of 88.8 million transactions were executed on the XRP Ledger (XRPL).
The total value of the mentioned transactions stand at around $69.3 billion. Additionally, Ripple outlined the growing popularity of XRPL and added that several projects around the world are addressing different use cases of XRP Ledger.
Moreover, total ODL-related sales jumped significantly in the third quarter of 2021. In the last three months, total XRP sales by Ripple, net of purchases, were $491.74 million, compared to $157.92 million in the second quarter of 2021.
According to CryptoCompare TopTier (CCTT) volumes, overall XRP sales by Ripple, net of purchases, ended the third quarter at 26 bps or 0.26% of the global XRP volume. Additionally, transaction volume over RippleNet has increased by more than 100% since last year.
Ripple, SEC, and XRP
In December 2020, the US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Commission filed a lawsuit against Ripple. Following the news, XRP dropped heavily and lost nearly 60% of its value. Since then, the digital asset has gained nearly 400%. In the latest report, Ripple provided an update regarding the recent developments on the SEC’s lawsuit against the company and mentioned that the case is currently in the ‘expert discovery’ phase.
“Last quarter, Ripple hit a milestone with the conclusion of the fact discovery phase on August 31, the formal process of exchanging information, including exchanging documents and taking testimony, relevant to the case. The case is currently in the expert discovery phase, where each side exchanges expert reports opining on various aspects of the case,” Ripple added.
On Friday, Ripple published its quarterly XRP Markets Report to voluntarily provide transparency regarding the adoption of XRP. In Q3 of 2021, a total of 88.8 million transactions were executed on the XRP Ledger (XRPL).
The total value of the mentioned transactions stand at around $69.3 billion. Additionally, Ripple outlined the growing popularity of XRPL and added that several projects around the world are addressing different use cases of XRP Ledger.
Moreover, total ODL-related sales jumped significantly in the third quarter of 2021. In the last three months, total XRP sales by Ripple, net of purchases, were $491.74 million, compared to $157.92 million in the second quarter of 2021.
According to CryptoCompare TopTier (CCTT) volumes, overall XRP sales by Ripple, net of purchases, ended the third quarter at 26 bps or 0.26% of the global XRP volume. Additionally, transaction volume over RippleNet has increased by more than 100% since last year.
Ripple, SEC, and XRP
In December 2020, the US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Commission filed a lawsuit against Ripple. Following the news, XRP dropped heavily and lost nearly 60% of its value. Since then, the digital asset has gained nearly 400%. In the latest report, Ripple provided an update regarding the recent developments on the SEC’s lawsuit against the company and mentioned that the case is currently in the ‘expert discovery’ phase.
“Last quarter, Ripple hit a milestone with the conclusion of the fact discovery phase on August 31, the formal process of exchanging information, including exchanging documents and taking testimony, relevant to the case. The case is currently in the expert discovery phase, where each side exchanges expert reports opining on various aspects of the case,” Ripple added.