- Coinbase’s recent filing reveals XRP’s transaction revenue surpassing Ethereum and Solana, with a 458% surge in value over the past year.
- This growth signals XRP’s rising dominance, outpacing both Ethereum and Bitcoin in key areas.
In a recent filing with the U.S. Securities and Exchange Commission (SEC), Coinbase has unveiled a surprising revelation about XRP’s performance in the crypto space. Brett (@Brett_Crypto_X), a prominent figure in the crypto community on X, highlighted that Coinbase earned more transaction revenue from XRP than from Ethereum or Solana. This shift is significant, signaling that XRP might be making a comeback and solidifying its place as a top contender in the cryptocurrency market.
Over the past year, the value of XRP held on Coinbase surged by a staggering 458%, a remarkable feat that has sparked renewed interest in the token. This surge is prompting many to reconsider XRP’s position among leading cryptocurrencies, as it consistently outperforms Ethereum month after month. In fact, XRP has now surpassed Ethereum’s Fully Diluted Value (FDV) and is quickly closing in on overtaking it for the second spot in market rankings.
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The growing community sentiment around XRP has been overwhelmingly positive. Several users on social media are speculating that XRP’s silent rise could position it as a replacement for Ethereum and Solana. This sentiment reflects a broader shift in investor interest, with many seeing XRP’s low-key ascent as a sign of its long-term potential.
XRP’s recent market dominance is not just a fleeting trend. Coinbase’s filing provides clear evidence that XRP is driving higher transaction volumes than Ethereum and Solana, suggesting that the token is experiencing a surge in user engagement and trading activity. Moreover, XRP has outpaced Bitcoin in key areas, including a 490% increase in active addresses compared to Bitcoin’s 10% growth.
Despite skepticism from some experts, the data points to XRP’s growing influence in the market. Its consistent performance and increasing market share suggest that it could soon rival Bitcoin and other major cryptocurrencies in terms of both market utility and influence. Investors and analysts alike will be keeping a close eye on XRP, as its unexpected rise might just be the start of something big in the crypto world.
