Edition 11: by a Community Member Andy\u00a0S.<\/p>\n
Hi, my name is Drop! There are 1,000,000 drops in one XRP, therefore the supply of $DROP is 1\u00a0million.<\/p>\n
@DropCoinXRPL<\/a><\/p>\n https:\\xrp-drop.com<\/a><\/p>\n This article is in no way investment advice, but an article that provides insight and chronicles the $DROP community journey.<\/em><\/p>\n \u00b7 Contents<\/a> In the fast-moving world of crypto, where ecosystems thrive on trading activity, liquidity, and user engagement, the XRP Ledger (XRPL) stands out\u200a\u2014\u200abut not for the reasons you might expect. Despite boasting a massive market cap of $173.1 billion (as of February 1, 2025), its 24-hour on-chain DEX trading volume<\/strong> is shockingly low at just $7.8 million. That\u2019s a mere 0.06% of the total volume from major blockchains in the market\u00a0today.<\/p>\n So, what\u2019s going on here? Let\u2019s dive into the\u00a0data.<\/p>\n Here\u2019s a snapshot of the top blockchains and how they\u00a0compare:<\/p>\n Solana (SOL):<\/strong> $112.6 billion market cap | $5 billion 24H on-chain DEX\u00a0volumeEthereum (ETH):<\/strong> $393.7 billion market cap | $2.6 billion 24H on-chain DEX\u00a0volumeBNB (BSC):<\/strong> $96.5 billion market cap | $3 billion 24H on-chain DEX\u00a0volumeSui (SUI):<\/strong> $12.2 billion market cap | $200 million 24H on-chain DEX\u00a0volumeToncoin (TON):<\/strong> $12.1 billion market cap | $15 million 24H on-chain DEX\u00a0volumeXRP (XRPL):<\/strong> $173.1 billion market cap | $7.8 million 24H on-chain DEX\u00a0volume.<\/p>\n At first glance, XRP\u2019s numbers don\u2019t seem to add up. How can a blockchain with such a high market cap have such low on-chain DEX trading activity<\/strong> compared to its\u00a0peers?<\/p>\n For example:<\/p>\n Solana<\/strong> has a market cap of $112.6B and moves $5B daily on-chain.BNB<\/strong> sits at $96.5B with $3B in daily on-chain DEX\u00a0volume.Even Toncoin<\/strong>, with a market cap over 14x smaller than XRP\u2019s, sees double the daily on-chain trading\u00a0volume.<\/p>\n The gap is undeniable.<\/p>\n On-chain trading volume reflects liquidity\u200a\u2014\u200ahow easily assets are bought and sold on decentralized exchanges. XRP\u2019s low volume suggests reduced market activity on the DEX. Whether it\u2019s fewer active traders or large holders sitting on their bags, the XRPL doesn\u2019t see the same turnover as other\u00a0chains.<\/p>\n Here\u2019s the kicker: First Ledger \/ AMM and LP features only went live a few months ago<\/strong>. Meme coins like $DROP<\/a> on XRPL are still in their infancy. It\u2019s not that people aren\u2019t interested\u200a\u2014\u200athey just haven\u2019t had enough\u00a0time.<\/p>\n Compare this to Solana or Ethereum, where vibrant ecosystems are packed with DeFi protocols, NFT marketplaces, and countless dApps that drive continuous on-chain transactions. XRPL, despite its longevity, hasn\u2019t captured the same level of developer or user engagement.<\/p>\n That\u2019s impressive growth in just a few months. Plus, First Ledger has made it possible to create wallets using X, Gmail, and Telegram accounts<\/strong>, making onboarding seamless. The ability to onboard directly from X<\/strong>, the hub of crypto social media, is a game-changer and could accelerate XRPL\u2019s adoption.<\/p>\n Let\u2019s not ignore the elephant in the room: XRPL isn\u2019t integrated with major wallets like Phantom, MetaMask, or Trust Wallet yet<\/strong>. This is a major hurdle. If traders can\u2019t easily access XRPL through their go-to wallets, on-chain DEX trading volume will naturally lag.<\/p>\n XRP holders might be more inclined to \u201chodl\u201d rather than trade actively. With many viewing XRP as a long-term bet, especially given its legal battles with the SEC, the community may simply not be focused on day-to-day on-chain\u00a0trading.<\/p>\n Meme coins now live on the XRPL<\/strong>, we\u2019re likely to see a shift. Degens love volatility, and that\u2019s exactly what new ecosystems provide. Projects\u00a0like<\/p>\n $DROP<\/strong><\/a> <\/strong>are leading the way, showcasing the potential for explosive growth within XRPL\u2019s emerging memecoin landscape.<\/p>\n Ongoing legal scrutiny can create hesitation. Even with recent legal wins, XRP has been under the microscope, which could limit activity, institutional involvement, and cross-border partnerships that would otherwise drive on-chain\u00a0volume.<\/p>\n However, the launch of $RLUSD<\/strong><\/a> <\/strong>and clearer regulations could change this narrative fast.<\/p>\n While low on-chain DEX trading volume can signal a lack of activity, it might also represent untapped potential:<\/p>\n Devs<\/strong> looking for less-saturated ecosystems could see an opportunity.Traders<\/strong> might find inefficiencies ripe for arbitrage.Communities<\/strong> could reignite interest with new dApps, DeFi innovations, and, of course, meme coins<\/strong> like\u00a0$DROP<\/strong><\/a>.<\/strong><\/p>\n In short: XRPL isn\u2019t dead\u200a\u2014\u200ait\u2019s\u00a0dormant.<\/strong><\/p>\n XRP\u2019s $173.1 billion market cap is undeniable proof of its relevance. But a $7.8 million daily on-chain DEX trading volume? Is it a red flag\u200a\u2014\u200aor maybe a green light, depends on how you look at\u00a0it.<\/p>\n Is XRPL underutilised or just waiting to\u00a0explode?<\/strong>Are we seeing a decline\u200a\u2014\u200aor the calm before the next\u00a0wave?<\/strong><\/p>\n The numbers tell a story. But crypto isn\u2019t just about data\u200a\u2014\u200ait\u2019s about what comes\u00a0next.<\/p>\n Which is likely to be meme coins, green lights, flood gates, and projects like <\/strong>$DROP<\/strong><\/a> leading the\u00a0charge.<\/strong><\/p>\n This is not financial advice. Investing in cryptocurrencies, especially meme coins, carries significant risks, where you stand to lose your entire investment. Always do your research (DYOR) and only invest funds that you can afford to\u00a0lose.<\/em><\/p>\n https:\/\/coinmarketcap.com\/currencies\/drop\/?source=post_page—–0e7bd10dc8c2——————————–<\/a><\/p>\n $DROP<\/a><\/p>\n XRPL: The Dormant Giant of On-Chain Memecoin Trading<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Edition 11: by a Community Member Andy\u00a0S. Hi, my name is Drop! There are 1,000,000 drops in one XRP, therefore the supply of $DROP is 1\u00a0million. @DropCoinXRPL https:\\xrp-drop.com This article is in no way investment advice, but an article that provides insight and chronicles the $DROP community journey. Contents \u00b7 Contents\u00b7 XRP Ledger \u2218 Current […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-41788","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41788"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41788"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41788\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Contents<\/h3>\n
\u00b7 XRP Ledger<\/a>
\u2218 Current Market Caps & 24H On-Chain DEX Trading Volumes <\/a>
\u2218 The Discrepancy: Market Cap vs. On-Chain DEX Trading Volume <\/a>
\u00b7 Why Is This Happening?<\/a>
\u2218 Liquidity & Market Activity <\/a>
\u2218 Ecosystem Engagement <\/a>
\u2218 First Ledger has already onboarded 100,000 people since October<\/a>
\u2218 Wallet Accessibility <\/a>
\u00b7 Investor Behavior <\/a>
\u2218 Regulatory Overhang <\/a>
\u2218 What Does This Mean for XRPL?<\/a>
\u00b7 Final\u00a0Thoughts<\/a><\/p>\nXRP Ledger<\/h3>\n
Current Market Caps & 24H On-Chain DEX Trading\u00a0Volumes<\/strong><\/h4>\n
The Discrepancy: Market Cap vs. On-Chain DEX Trading\u00a0Volume<\/strong><\/h4>\n
Why Is This Happening?<\/strong><\/h3>\n
Liquidity & Market\u00a0Activity<\/strong><\/h4>\n
Ecosystem Engagement<\/strong><\/h4>\n
First Ledger has already onboarded 100,000 people since\u00a0October<\/strong><\/h4>\n
Wallet Accessibility<\/strong><\/h4>\n
Investor Behavior<\/strong><\/h3>\n
Regulatory Overhang<\/strong><\/h4>\n
What Does This Mean for\u00a0XRPL?<\/strong><\/h4>\n
Final Thoughts<\/strong><\/h3>\n
Article Disclaimer<\/h3>\n
CoinMarketCap<\/h3>\n
$DROP Telegram<\/h3>\n