A ripple cryptocurrency hologram in gold and silver physical coin form hovering over a computer circuit board- 3D render
- Ripple’s XRP Ledger hits an incredible 82 million closed ledgers and sees tremendous NFT activity.
- The XRPL’s new feature, XLS-20, paves the way for native non-fungible tokens, streamlining transactions, and handling automated royalties.
As Ripple continues its path-breaking journey in the blockchain world, the XRP Ledger (XRPL) has closed a remarkable 82 million ledgers. The latest blockchain journalist report captures this unprecedented achievement, citing a tweet by Collin Brown @CollinBrownXRP.
🚀 The XRP Ledger and #Ripple have just achieved an INCREDIBLE milestone! 🎉
📊 With over 82 million ledgers successfully closed, the XRPL continues to make history. But that’s not all! It’s also inching closer to another major achievement.
🚀 In just under a year since its… pic.twitter.com/vaUclbFPM3
— Collin Brown (@CollinBrownXRP) September 21, 2023
The Advent of XLS-20: A Game-Changer
Less than a year since its inception in October 2022, XLS-20 has been a transformative addition to the XRPL, introducing native non-fungible tokens (NFTs). This innovative feature enables XRPL accounts to seamlessly create, hold, and trade NFTs. XLS-20 stands out due to its:
- Unique Native NFTs: Representing assets distinctively, akin to traditional NFTs.
- Automated Royalties: Simplifying royalty management without manual interventions.
- Efficient Minting and Burning: Facilitating easy creation and removal of NFTs.
- DEX Integration: With XRPL’s in-built DEX, NFT transactions are more streamlined than ever.
The NFT Activity Surge
The NFT space on XRPL has seen exponential growth, backed by impressive numbers:
- Over 1.9 million NFTs minted.
- Close to 30,000 accounts now possess 1.6 million NFTs.
- More than 1.2 million NFTs have been transferred or sold.
- A remarkable $12.8 million worth of NFTs have been transacted in single-step deals.
Bithomp (@bithomp) chimed in on the celebrations of “NFT Day” with a tweet, highlighting,
“Happy #NFTDay! The XLS-20 was launched less than a year ago, so far: 1,979,666 NFTs minted, 29,040 accounts own 1,652,308 NFTs, 1,279,900 NFTs were transferred/sold, 352,295 NFTs were sold for XRP in a one-step transaction (US$12,818,839), 111,140 NFTs were sold for tokens in a one-step transaction.”
These impressive figures underscore XRPL’s burgeoning potential as a fierce competitor to Ethereum in the NFT realm, potentially driving higher XRP adoption rates.
Given the impressive strides made by Ripple and its XRP Ledger, particularly in the booming NFT sector, the big question emerges: Can XRP’s price surge to touch the $1 mark, reflecting its monumental achievements? Only time will tell.
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