- Several XRP liquidity indices are surging after falling from their all-time highs.
- Ripple’s On-Demand Liquidity (ODL) solution has seen massive volume growth in H1 2020 compared to H1 2019.
After falling from all-time highs earlier this year, several XRP liquidity indices are surging according to Liquidity Index Bot.
The liquidity index for the XRP/MXN corridor saw an all-time high of 38,168,036 in early June after dropping considerably the same month. However, the XRP/MXN corridor has seen a recent rise past 10,000,000 and has been holding the level for several days.
The liquidity index for the XRP/EUR corridor saw an all-time high of 35,746,047 in April. The index fell substantially in June staying well below the 10,000,000 level. However, the index has seen a recent surge to near the 7,000,000 level.
The liquidity index for the XRP/AUD corridor has seen a strong rebound thus far since falling from its all-time high of 16,089,305 in June. The index currently stands at 6,524,447.
Ripple ODL Sees Massive Volume Growth in H1 2020
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 immense cost savings. Ripple notes ODL can result in up to 60% cost savings while only taking three seconds to settle.
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