{"id":140715,"date":"2024-10-27T16:00:45","date_gmt":"2024-10-27T14:00:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140715"},"modified":"2024-10-27T14:03:22","modified_gmt":"2024-10-27T12:03:22","slug":"xrpl-reports-record-network-activity-whats-behind-the-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/","title":{"rendered":"XRPL Reports Record Network Activity – What’s Behind the Surge?"},"content":{"rendered":"

On October 27, the network recorded an impressive trading volume of $3.9 million, largely fueled<\/a> <\/strong>by the recent surge in meme cryptocurrencies following the launch of First Ledger, a platform designed to mimic Solana\u2019s<\/a> <\/strong>popular Pump.fun and referred to as the \u201cmeme coin factory.\u201d<\/p>\n

Although this influx of tokens has generated excitement, many of these newly minted cryptocurrencies lack inherent value. At present, the DROP meme coin stands out with a market capitalization of $6.92 million, while other tokens like BEAR and FLIPPY follow with $3.66 million and $1.45 million, respectively.<\/p>\n

For context, Dogecoin<\/a><\/strong>, the most recognized meme cryptocurrency, has a staggering market cap of $20.2 billion.<\/p>\n

\n
Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

Bitcoin Set for $100,000 Rally Amid Strong Institutional Demand and Economic Trends<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

While the sustainability of this trend remains uncertain, it has undoubtedly sparked renewed interest in the XRPL. David Schwartz, Ripple\u2019s chief technology officer, recently commented that although the company could have pursued a meme coin or an initial coin offering (ICO) for additional funding, it chose not to as it didn\u2019t require more capital.<\/p>\n

Meanwhile, AMM liquidity on the XRPL has seen substantial growth, with MAG, the native token of the Magnetic project, emerging as a leader in pool size on the XPMarket. Additionally, the DROP\/XRP<\/a> <\/strong>trading pair has become one of the largest AMM pools on the XRP Ledger.<\/p>\n","protected":false},"excerpt":{"rendered":"

The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.<\/p>\n","protected":false},"author":9,"featured_media":98214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23,22],"tags":[109,111,416,266,223],"coin_category":[],"class_list":["post-140715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-others","tag-dogecoin","tag-meme-coin","tag-pump","tag-solana","tag-xrp"],"acf":[],"yoast_head":"\nXRPL Reports Record Network Activity - What's Behind the Surge?<\/title>\n<meta name=\"description\" content=\"The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRPL Reports Record Network Activity - What's Behind the Surge?\" \/>\n<meta property=\"og:description\" content=\"The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-27T14:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrpripplephone121.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Zdravkov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/riverbeaver17\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Zdravkov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/\"},\"author\":{\"name\":\"Alexander Zdravkov\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#\\\/schema\\\/person\\\/6042a0f3f18efba4b370857bef9d000c\"},\"headline\":\"XRPL Reports Record Network Activity – What’s Behind the Surge?\",\"datePublished\":\"2024-10-27T14:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/\"},\"wordCount\":219,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/01\\\/xrpripplephone121.jpeg\",\"keywords\":[\"dogecoin\",\"meme coin\",\"PUMP\",\"Solana\",\"xrp\"],\"articleSection\":[\"Blockchain\",\"Others\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/\",\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/\",\"name\":\"XRPL Reports Record Network Activity - What's Behind the Surge?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/01\\\/xrpripplephone121.jpeg\",\"datePublished\":\"2024-10-27T14:00:45+00:00\",\"description\":\"The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/01\\\/xrpripplephone121.jpeg\",\"contentUrl\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/01\\\/xrpripplephone121.jpeg\",\"width\":1600,\"height\":1067},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/xrpl-reports-record-network-activity-whats-behind-the-surge\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blockchain\",\"item\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/news\\\/blockchain\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"XRPL Reports Record Network Activity – What’s Behind the Surge?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/11\\\/logo-cryptodnes.svg\",\"contentUrl\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/11\\\/logo-cryptodnes.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#\\\/schema\\\/person\\\/6042a0f3f18efba4b370857bef9d000c\",\"name\":\"Alexander Zdravkov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/photo_2025-04-09-16.32.20-150x150.jpeg\",\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/photo_2025-04-09-16.32.20-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/photo_2025-04-09-16.32.20-150x150.jpeg\",\"caption\":\"Alexander Zdravkov\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/alexander-zdravkov-29947b216\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/x.com\\\/riverbeaver17\"],\"url\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/author\\\/alexander_zdravkov\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"XRPL Reports Record Network Activity - What's Behind the Surge?","description":"The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/","og_locale":"en_US","og_type":"article","og_title":"XRPL Reports Record Network Activity - What's Behind the Surge?","og_description":"The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.","og_site_name":"CryptoDnes EN","article_published_time":"2024-10-27T14:00:45+00:00","og_image":[{"width":1600,"height":1067,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrpripplephone121.jpeg","type":"image\/jpeg"}],"author":"Alexander Zdravkov","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/riverbeaver17","twitter_misc":{"Written by":"Alexander Zdravkov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/"},"author":{"name":"Alexander Zdravkov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/6042a0f3f18efba4b370857bef9d000c"},"headline":"XRPL Reports Record Network Activity – What’s Behind the Surge?","datePublished":"2024-10-27T14:00:45+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/"},"wordCount":219,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrpripplephone121.jpeg","keywords":["dogecoin","meme coin","PUMP","Solana","xrp"],"articleSection":["Blockchain","Others"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/","url":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/","name":"XRPL Reports Record Network Activity - What's Behind the Surge?","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrpripplephone121.jpeg","datePublished":"2024-10-27T14:00:45+00:00","description":"The XRP Ledger (XRPL) has reached a significant milestone in its Automated Market Maker (AMM) activity.","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrpripplephone121.jpeg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrpripplephone121.jpeg","width":1600,"height":1067},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/xrpl-reports-record-network-activity-whats-behind-the-surge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Blockchain","item":"https:\/\/cryptodnes.bg\/en\/news\/blockchain\/"},{"@type":"ListItem","position":3,"name":"XRPL Reports Record Network Activity – What’s Behind the Surge?"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/11\/logo-cryptodnes.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/11\/logo-cryptodnes.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/6042a0f3f18efba4b370857bef9d000c","name":"Alexander Zdravkov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-150x150.jpeg","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-150x150.jpeg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-150x150.jpeg","caption":"Alexander Zdravkov"},"sameAs":["https:\/\/www.linkedin.com\/in\/alexander-zdravkov-29947b216","https:\/\/x.com\/https:\/\/x.com\/riverbeaver17"],"url":"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/140715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=140715"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/140715\/revisions"}],"predecessor-version":[{"id":140716,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/140715\/revisions\/140716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/98214"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=140715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=140715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=140715"},{"taxonomy":"coin_category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/coin_category?post=140715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}