Ripple’s ODL network has set a new record for XRP / AUD on the BTC exchange markets

The ODL ratio for XRP / AUD exceeded the previous high, although the XRP price remained relatively stable.

Together with the Australian dollar, XRP reached a new all-time high in the on-demand liquidity network (ODL) from AUD 15,640,530 on the BTC Markets Exchange.

After a Current tweet from the Liquidity Index Bot, BTC Markets’ XRP / AUD liquidity ratio increased to AUD15,640,530 on June 2, which is approximately $ 10.6 millionExceeding the previous value of the historical maximum. XRP liquidity in the Australian markets has increased relatively steadily since the early 2020s, although the price has been close to $ 0.20 since May 10.

Ripple’s ODL network has set a new record for XRP / AUD on the BTC exchange markets
Ripple’s ODL network has set a new record for XRP / AUD on the BTC exchange markets

Source: LiquidityB

The ODL network is more popular than ever

Cointelegraph reported that Ripple’s ODL payment network tripled its transaction volume in the first quarter of 2020 USD ODL Transaction Value Increased More Than 294%. Ripple reduced its total XRP revenue from $ 13.08 million in the fourth quarter of 2019 to $ 1.75 million in the first quarter of 2020.

Token holders have described XRP liquidity like “the soul of the [ODL] Ripple for cross-border payments “.

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