Two pools exchanging the TIX token for other issued tokens accounted for 97.24% of the seven-day automated market maker (AMM) volume reported by XRPL.to, totaling 2.82 billion. These two pools, created on September 21, recorded only 185 transactions in total (69 for XPM/TIX and 116 for RLUSD/TIX) and hold no native XRP, raising questions about actual XRP demand. XRPL.to recorded no transactions in these pools over the latest 24 hours at the September 24 check. The pools’ reserves are nearly empty and XRPL.to’s valuation methodology for TIX could not be verified on-chain, casting doubt on the reliability of these volume figures.
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