Blockchain Giant Sold Loads Of This Altcoin! –

Ripple, the giant blockchain company, is known as the company behind the popular altcoin XRP. In addition, the company establishes many partnerships to facilitate payments worldwide. In this article, we will talk about Ripple’s latest XRP sale and the company’s fourth-quarter results. Here are the details…

Blockchain giant processed millions of transactions in the last quarter

In Q4 of 2022, the trading volume in the entire crypto industry fell. But despite this, XRP Ledger (XRPL) activity has grown tremendously. The company stated that XRPL transactions in the 4th quarter exceeded the 3rd quarter by more than 3 million. According to data shared by Ripple, ten chain XRPL transactions in the fourth quarter of 2022 totaled approximately 106.42 million compared to approximately 103.03 million recorded in the third quarter of 2022.

Ripple noted this success in the aftermath of the collapse of FTX. That’s why the data is remarkable. According to Ripple, XRPL transactions increased more than in the previous quarter in the 4th quarter of 2022 due to the increase in NFT activity. Commenting on the development, Ripple said in a statement:

While transaction volumes in the broader market slowed, the number of transactions on the ledger increased by over three million, largely driven by NFT activity after the adoption of the XLS-20 change on November 2, 2022.

Cryptocurrency Exchange 14 Altcoin Delist

101.9 thousand XRP burned

The report also pointed out that a total of 101,968 XRP tokens were burned through XRPL-based transaction fees. But the number of XRP burned in the fourth quarter fell 30 percent compared to the 146.3k in the third quarter. Average transaction costs also fell, according to Ripple data. Therefore, the amount of XRP burns in the fourth quarter decreased. Around 0.00096 XRP was paid per transaction in the fourth quarter. In the third quarter, this amount was 0.0014 XRP. Ripple added, “XRP burned down as transaction fees dropped 33% even though the number of transactions increased and the average cost of a USD-denominated transaction remained almost zero.”

Sold $226 million worth of XRP

Meanwhile, the number of new wallets in XRPL also saw a significant increase in Q4. According to Ripple, the number of new wallets increased from approximately 125,223 in the previous quarter to 228,143 in Q4. Besides the statistics mentioned above, Ripple also revealed other important activities that took place in the last quarter. The company announced that it has sold $226 million worth of XRP tokens to users of its On-Demand Liquidity (ODL) solution.

'Hottest' Crypto Predictions from Ripple Executives!

According to the report, the total number of XRP sales Ripple made through ODL corridors was $2.96 billion, of which $2.74 billion was redeemed, of which $2.1 billion was deposited back into escrow accounts. Thus, net XRP sales amounted to $226.31 million, down 27.15 percent compared to the third quarter of 2022. Despite the decline in net sales, total XRP sales through ODL increased by 5.12 percent. According to the report, this is mainly due to growth in demand. It is also an important factor to enter the markets of France, Sweden and Africa through the adoption of technology and new partnerships.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on are carried out through third-party advertising channels. In addition, also includes sponsored articles and press releases on its site. For this reason, advertising links directed from are on the site completely independent of’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on and the pages directed by the links in the sponsored articles do not bind in any way.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-3