XRPL saw a notable 8% decrease in monthly transactions, totaling 50.1 million in May. Despite an increase in NFT mints to 2.56 million, overall NFT transactions fell by 8.4%, pointing to challenges in user engagement. Only 10% of wallets interacted with dApps.
Institutional interest in XRPL is strengthening, especially in the UAE with Ripple Payments onboarding companies. As XRP trades at 2.207 USD, a 3% uplift in 24 hours indicates bullish sentiment among investors despite the network’s broader adoption issues.
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