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XRP Ledger onchain transactions drop 65.6% in Q2 2024. The decline in activity and the rise in transaction costs on the XRP Ledger are a significant shift compared to the previous quarter. The volume of transactions on the XRP Ledger (XRPL) fell significantly from Q1 to Q2 of 2024 amid the average transaction cost surging, according to Ripple’s Q2 2024 XRP Markets Report.
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