After the XRP token reached an all-time high in daily trading volumes for crypto exchanges in the US, the Ripple ecosystem has reached another milestone by successfully reaching over 82 million registered ledgers on its
XRP Ledger Surpasses 82 Million Ledgers
XRP Ledger, a decentralized public blockchain that supports the XRP token received recognition due to its unique consensus algorithm and integration of the XLS-20 protocol. The leading cryptographic ledger reported that it had closed approximately 82,035,421 registered ledgers on its blockchain.
This achievement follows another milestone in August, when XRPL successfully captured 81 million ledgers. The rapid growth of the blockchain ledger has been a major achievement for the ecosystem, highlighting XRPL’s commitment to decentralization and focus on speedscalability and security.
Collin Brown, a blockchain researcher, revealed details of XRPL’s recent performance in an after on Thursday, September 21. Brown was enthusiastic about the current development in the XRP ecosystem and even suggested that the XRP blockchain ledger is on its way to becoming an adversary to crypto giants in the space such as Bitcoin and Ethereum.
“With more than 82 million successfully closed ledgers, XRPL continues to make history. XRPL’s growth in NFTs positions it as a STRONG competitor to Ethereum, paving the way for greater XRP adoption!” Brown said.
XLS-20 feature drives crypto adoption and growth for XRPL
The XRP Ledger has long been celebrated for its advanced scalability and decentralization features. However, with the introduction of the XLS-20 feature in 2022, XRPL has emerged as a force to be reckoned with in the NFT ecosystem.
The XLS-20 protocol provides new features to the XRP ledger. According to Brown, XLS-20 is integrated with special features such as minting and burning, automated royalties, DEX integration and traditional NFTs.
XRPL has also registered more than 1.9 million NFTs minted on the ledger and nearly 30,000 user accounts own 1.6 million of the minted NFTs. Additionally, approximately $12.8 million worth of NFT assets have been sold in one-time transactions on the blockchain.
While XRPL’s forays into the NFT sector have generated significant interest among creators and collectors in the space, XRPL ecosystem has also reported upcoming upgrades in its layer 2 smart contract platform, Evernode.
According to reports, the Evernode network will feature new upgrades that improve the platform’s reliability and sustainability, while also promoting crypto and NFT adoption and innovation in the space.
Token price still trending above $0.5 | Source: XRPUSD on Tradingview.com
Featured image of Finbold, chart from Tradingview.com
