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xrpl news

XRP Ledger Flourishes Amid Legal Uncertainties

The XRP Ledger (XRPL) has been making significant strides in the second quarter of 2023 despite ongoing legal concerns stemming from the Ripple vs. SEC lawsuit. Once again, the XRP Ledger is in the spotlight, and there’s good news for all the XRP fans.

Bill Morgan, the attorney, has said that the XRPL’s growth and development are crucial for XRP’s success. This is a big deal because it means that the XRPL is on a good path despite some legal issues.

Regarding the 2024 XRP Gold Coast Conference, Morgan said that Wave of Innovation, a not-for-profit group, organized this event. However, he made an exciting announcement and revealed that they will give XRPL developers grants. But here’s the cool part: they are not connected to RippleXDev or Ripple. They are free to choose grant recipients based on their criteria, which they’ll share before the conference in March 2024.

XRPL has served as a decentralized payment system for over a decade, facilitating fast, secure, and eco-friendly cross-border and cross-currency transactions. Its features include native-issued currencies, a decentralized exchange (DEX), escrow capabilities, and token management.

The total number of new addresses on XRPL witnessed a remarkable 31.8% growth, surging to 138,790 compared to the same period in 2022. : Quarterly revenue experienced a substantial increase of 220.3%, reaching $188,376.


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xrpl news

Will XRP 2024 Gold Coast Summit Benefit XRPL

While Ripple’s CEO, Brad Garlinghouse, addressed the XRP community prior to the Friday Night celebration of the XRP ruling, prominent pro-XRP lawyer Bill Morgan expressed skepticism about the significance of the party.

Just hours before the celebratory festivities kicked off, Garlinghouse gave the enthusiastic XRP community insights into what they could anticipate at the event. He emphasized that there would be no major announcements during the party, dispelling widespread community speculation.

Garlinghouse clarified that the event’s sole purpose was to commemorate XRP’s victory in its legal battle against the U.S. Securities and Exchange Commission (SEC). “And as for any “announcement” that people are wondering about, tonight’s event is just a celebration,”


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