Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Sophie Robert on May 01, 2023, 02:02:16 PM
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- Scott Chamberlain addressed XRP holders' concerns about the SEC vs. Ripple lawsuit, noting that complex cases can take time for judges to decide.
- Ripple's legal battle update discussed Judge Analisa Torres' March 6, 2023 order, which determined which expert opinions could be considered during the summary judgment.
- Renowned crypto attorney John Deaton predicts that the summary judgment may be issued on or before May 6, 2023.
Remarkable Growth in XRP Sales and On-Chain Activity
Despite legal challenges and heightened regulatory scrutiny in the US, Ripple's XRP sales increased significantly in Q1 2023, with net sales totaling an astounding $361.06 million as opposed to the previous quarter's $226.31 million.
On-chain activity for the XRP Ledger also increased significantly, with decentralised exchange volumes increasing by 34% to $115 million in Q1 from Q4 2022. Moreover, from $698 million in the previous quarter, the average daily volume of XRP on centralised exchanges increased by 46% to $1 billion.