110 wallets generated 99.6% of RLUSD payments on the XRP Ledger over 30 days, executing approximately 7.79 million transactions to move just $7,722. The activity of these bots represented nearly half of all network payments in early October, raising questions about the actual level of adoption. Automated traffic collapsed on Oct. 14, coinciding with Cross River Bank’s announcement that it was integrating RLUSD into traditional banking infrastructure. Beneath this automated activity, 14,600 payments of at least $1 moved $7.33 billion, with just 10 wallets accounting for $6.05 billion of that amount.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
