XRPL Transactions Hit 2-Year High as XRP Seen ‘Less Exposed’ to Quantum Threats Than Bitcoin

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The daily XRP Ledger (XRPL) transactions recently surged to a two-year high, signaling increased network adoption. This comes as experts say that XRP may be less exposed to quantum threats than Bitcoin, which Google recently warned faces the risk of an on-chain attack.

XRP Ledger Transactions Climb To A 2-Year High

XRPScan data shows that XRPL daily transactions climbed above 5 million this week, marking a two-year high in this metric. This comes as the network continues to see increased adoption, especially in terms of tokenization.

XRPL TransactionsXRPL Transactions
Source: XRP Scan

As CoinGape recently reported, SBI Ripple Asia has completed its token issuance platform on the XRPL for regulated token issuance. As part of the tokenization, the XRP Ledger has also seen notable gains in key metrics, according to data from RWA.xyz.

The represented RWA value on the XRPL has climbed over 2% in the last 30 days to $1.53 billion, while the number of RWA holders has increased by 4% during this period. The stablecoin market on the network has also surged 8% over the same timeframe.

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XRPL RWA dataXRPL RWA data
Source: RWA.xyz

Meanwhile, the surge in XRPL’s daily transactions comes as experts say that XRP may be less exposed to quantum threats than Bitcoin. As CoinGape recently reported, an analysis by XRPL validator Vet showed that only 0.03% of the total XRP supply is exposed to quantum risks.

This is mainly because the network supports native, protocol-level key rotation, which Google had highlighted in a recent quantum research report. This helps to shield the otherwise quantum-vulnerable public keys from quantum computers.

This is unlike the Bitcoin network, which Google recently noted is more at risk of an on-spend attack. The report estimated that, at some point in the future, it could take 9 minutes for a superconducting qubit CRQC to derive private keys from public keys and forge a BTC transaction.

Whales Accumulation On The Rise

Crypto analyst Xaif recently pointed to on-chain data that he noted signals increased accumulation by XRP whales. The cumulative net flow on the crypto exchange Binance has hit -$11.23 billion, indicating that more XRP is leaving the exchange than entering it.

CoinGape had earlier this week reported that these XRP whales have turned bullish, with CryptoQuant’s on-chain data showing that the Whale Flow 30DMA had climbed to a 10-month high. This also points to increased buying activity among these investors, which is a positive for the altcoin.

Meanwhile, Xaif noted that XRP’s open interest has collapsed from under $2.4 billion to under $600 million just as buying activity increases. “Less leverage. Less supply on exchanges. This is what a coil looks like before the spring,” he said.





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