2000+ Tokens Now Added to the XRP Ledger; XRP Marketcap Exceeds $20B

Long-term Holders Make Up Most XRP Baggers, Says Uphold

More than 2,000 tokens have been included in the XRP Ledger (XRPL) network over the last year, which represents a significant increase in the network. 

With the latest additions, there are now 8,356 tokens active on the XRP network.

Notwithstanding the current legal battle between Ripple and the U.S. SEC, adoption has been notable.

Adopting the new token standard, which introduced the idea of NFTs to XRPL, was a big driver behind this exponential rise, claims well-known XRP influencer Eri (@sentosumosaba).

Eri claims that Ripple Labs’ Head of DeFi Markets, Boris Alergant, made the disclosure. 

According to recent information from XRPL.to, there are now 8,356 tokens on XRPL due to the 2,000 token additions over the last year. 

Eri hailed this rise as compared to other significant blockchains, including Solana.

Prominent Additions to the XRP Ledger

The Coreum (CORE) and Sologenic (SOLO) tokens, which hold the top two spots of the most prominent tokens by 24-hour transaction volume, are two of the most notable arrivals from the previous year. 

Also, these currencies have among the highest market caps on XRPL, with CORE valued at $329M and SOLO at $64M.

Since native NFT capability went live on the network in October last year, the number of non-fungible tokens (NFTs) has increased significantly on the XRP Ledger. 

The XPUNKS, xSPECTAR, and OXP tokens, which have shown tremendous adoption rates over the past few months, are at the top of this list of NFTs. 

All tokens on XRPL as of press time are $530.4 billion.

Additionally, the native token of the network, XRP, keeps up the struggle against the bears despite its peculiar circumstance. 

The market value of XRP has surpassed $20 billion as the currency tries to stake a claim above the $0.40 price level. 

XRP is trading at $0.4003, up 2.29% over the last day.

Read Also:

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

Share this :

Facebook
Twitter
LinkedIn
Telegram
WhatsApp