<ul><li>Ripple releases the 2024 Q1 report highlighting the increasing institutional adoption following the Bitcoin ETF launch.</li><li>The report showcases the dip in XRPL&#39;s transaction volume amidst increased costs.</li><li>The ecosystem celebrated Ripple’s landmark victory, expecting a potential resolution in the case.</li></ul>In a novel development in the XRP ecosystem, Ripple released the Q2 report of 2024, revealing the increasing institutional adoption. However, the report unearthed the platform’s declining transaction activities amidst market volatility.Ripple’s 2024 Q2 ReportOn August 2, 2024, Ripple <a href="https://ripple.com/insights/q2-2024-xrp-markets-report/" rel="noopener noreferrer nofollow">released </a>its report for the second quarter of 2024, sharing insights on the ecosystem’s performance in Q2. As per the report, Ripple saw a remarkable surge in institutional adoption driven by the launch of <a href="https://cryptotale.org/analyst-hails-bitcoin-etf-launch-as-a-smashing-success/" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs in January 2024.</a> The report acknowledged the ETF launch as a positive sign towards the expansion of the industry.Dip in Transaction VolumeDespite increased institutional adoption, <a href="https://cryptotale.org/xrp-holders-anticipate-major-gains-with-ctf-token-amid-xrpl-defi-growth/" rel="noopener noreferrer nofollow">XRP Ledger</a> (XRPL) has experienced a significant drop in transaction activity in the last quarter. Notably, the drop in transaction volume came amidst the 168% surge in transaction cost to 0.00394 XRP. Compared to the 251.39 million transactions recorded in Q1, Q2 marked a 65.6% decrease to 86.38 million transactions.<a href="https://cryptotale.org/ripple-releases-q2-report-transaction-volume-plummets/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ripple Releases Q2 Report: Transaction Volume Plummets

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