On-Demand Liquidity (ODL) for XRP paired with the Australian greenback reached a brand new all-time excessive of 15,640,530 AUD on the trade BTC Ma
On-Demand Liquidity (ODL) for XRP paired with the Australian greenback reached a brand new all-time excessive of 15,640,530 AUD on the trade BTC Markets.
In accordance with a latest tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — roughly 10.6 million USD — on June 2, exceeding the earlier ATH worth. The XRP liquidity in Australian markets has seen a reasonably regular rise for the reason that starting of 2020, regardless of the value remaining near 0.20 USD since Could 10.
Supply: LiquidityB
ODL community extra fashionable than ever
Cointelegraph reported Ripple’s ODL funds community tripled in transaction quantity over Q1 2020, whereas the USD worth transacted utilizing ODL elevated by greater than 294%. Ripple was in a position to cut back its complete XRP gross sales from $13.08 million in This fall 2019 to $1.75 million in Q1 2020.
Token holders have described XRP liquidity because the “lifeblood of Ripple’s [ODL] for cross-border funds.”