Several XRP Liquidity Indices Are Once Again On The Rise
Quick Read
- Several XRP liquidity indices are on the rise after falling from all-time highs earlier this year.
- Ripple’s On-Demand Liquidity (ODL) solution has seen massive volume growth in H1 2020 relative to H1 2019.
Several XRP liquidity indices are back on the rise according to the Liquidity Index Bot.
The liquidity index for the XRP/PHP corridor saw an all-time of 11,508,218 prior to a substantial drop. The index is now back on the rise at 1,179,411 at the time of press.
The liquidity index for the XRP/AUD corridor saw an all-time high of 16,089,305 falling significantly afterward. The index is back on the rise and is currently standing just under 2,000,000 at the time of press.
The liquidity index for the XRP/MXN corridor saw an all-time high of 38,168,036, before also seeing a massive drop. Like the other corridors, the liquidity index for the XRP/MXN corridor is also back on the rise.
Ripple ODL Volume On The Rise
As reported previously by The Crypto Associate, Ripple’s ODL solution has seen massive volume growth in H1 2020 relative to H1 2019 according to the Q2 2020 XRP Markets Report.
In Q2 2020, ODL accounted for nearly 20% of RippleNet volume. Comparing just H1 2019 with H1 2020, RippleNet experienced 11x year-over-year growth in ODL transaction volume.
Q2 2020 XRP Markets Report
Ripple’s On-Demand Liquidity (ODL) solution allows participating institutions to source near-instant liquidity 24/7 while offering significant cost savings. Ripple notes ODL can net up to 60% cost savings while only taking three seconds to settle.
Disclaimer: Content displayed on thecryptoassociate.com is not investment advice. Investors should do their own research before investing in digital assets or anything displayed on this site. The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets. The Crypto Associate is not responsible for any losses incurred due to the buying or selling of cryptocurrencies displayed on this site. All content is for informational purposes only. The Crypto Associate does not endorse, affiliate or represent any third-party links including advertisements. The Crypto Associate participates in affiliate marketing. Read the full disclaimer
