Over 100k Ripple USD ($RLUSD) Transactions in ~2 months!

Over-100k-Ripple-USD-RLUSD-Transactions-in-2-months

It has now been approximately two months since Ripple officially launched its stablecoin, RLUSD. Since its introduction, the transaction count (TxCount) has been steadily rising, with a more significant increase observed in recent times.

To date, a total of ~105,011 transactions have been processed on the XRP Ledger (XRPL), compared to 4,109 transactions on the Ethereum (ETH) network. This means that over 95% of all RLUSD transactions take place on XRPL, highlighting a strong preference for using RLUSD within the XRP Ledger ecosystem. This could be because XRP Ledger has a more efficiency network with lower transaction costs.