XRP Ledger Sheds $79M in Stablecoins as DEX Volume Jumps
The XRP Ledger recorded a drop of about $79 million in stablecoins while weekly decentralized exchange trading volume increased by 29%, according to Cryptonews.
The XRP Ledger experienced a reduction of approximately $79 million in stablecoin supply, alongside a 29% surge in weekly decentralized exchange (DEX) trading volume, according to data reported by Cryptonews.
While stablecoin liquidity decreased across the network, user trading activity on decentralized exchanges expanded over the weekly period.
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Key facts
- The XRP Ledger lost approximately $79 million in stablecoins.
- Weekly DEX trading volume increased by 29%.
- Data was published by Cryptonews.
Source: news.google.com
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