XRP Ledger Activity Jumps as Throughput Reaches 120 Transactions Per Second
According to Vet, the XRP Ledger (blockchain for XRP) saw blocks with 600 to 700 transactions, with most activity tied to DEX (decentralized exchange) offer cancellations rather than new positions.
XRP
VET
Summary
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Terms & Concepts
Transactions per second: A network throughput metric showing how many transactions a blockchain can process each second.
DEX: A decentralized exchange that lets users trade assets onchain without a centralized intermediary.
Offer cancellations: Actions that remove existing orders from an onchain order book, often reflecting traders adjusting or withdrawing positions.