The XRP Ledger has been noticing some strange movements and variations over the start of 2019 and the community speculate it due to reasons like the possible launch of Cobalt or due to Coil.

The XRP Ledger’s transaction volume has seen a steady increase after dropping to 342,474 transactions in October 2018. The rise began with a spike when the transaction volume rose from 342,474 to 857,895 transactions on September 22, 2018.



Transactions | Source: XRP Charts



The rise has been gradual and steady as the number of transactions are currently at 731,761 as of January 28, 2019. The highest transaction for the XRPL was last seen on January 16, 2019, when the number of transactions last reached 1.65 million [1,658,944].

However, the transaction by type chart, as seen on the XRP Chart shows that the volume of payments has been increasing steadily for a while now as it has overtaken “OfferCreate” which has been dominating the “Payment” for a long time.

An OfferCreate transaction is effectively a limit order. It defines an intent to exchange currencies and creates an Offer object if not completely fulfilled when placed. Offers can be partially fulfilled.



Transaction by Type | Source: XRP Charts



The payment transactions as per the charts have now risen over the “OfferCreate” and the total number is approximately 4.7 million as compared to the Offer Create which is at 3.2 million.

A Payment transaction represents a transfer of value from one account to another. Depending on the path taken, this can involve additional exchanges of value, which occur atomically.

@mrduke67, a Twitter user commented:

“XRPcharts metrics show something new to me. I think we can see a massive gain in XRP payments in Q4 2018.



Is this xRapid in action?”

Moreover, the XRPL is also noticing a massive amount of micro-payments in the last few weeks which can be clearly seen in the chart below.

One of the reasons why the community believes it to be xRapid is due to the various financial institutions like EuroExim bank, SendFriend and Mercury FX going live with xRapid in 2019.

Another Twitter user, @xrpetesampras commented:

“@Coil going live seems to fit perfectly with the timeframe.”

The above might fit the description, as Coil announced on January 17, 2019, on Twitter:

“We’ve officially caught up on our 2018 waitlist. Anyone who signed up before 1/15/2019 should have received an email from @Coil. #welcome… This has been made possible thanks to many long evenings and weekends by our engineering team as well as the @strata_labs team to create a massively scalable infrastructure. @interledger #IoV #scalability.”

The post XRP Ledger notices a steady increase in the payments as well as the transactions appeared first on AMBCrypto.