The price of XRP declined by 35.4% in Q3, while the overall market capitalization of digital assets decreased by 30.4% during the same period, per the report. During the same period, XRP volume decreased by 53% from $39.1 billion to $18.2 billion. 3 billion XRP was released from escrow during Q3, while 2.3 billion were returned and put into new escrow contracts.
The report stated that XRP is ideal "for global payments because it is faster, less costly and far more scalable than other digital assets." In a comparison of XRP vs Bitcoin as of mid-October, Ripple claimed the following advantages for XRP
Speed: 3.80 seconds (XRP) vs. 9.2 minutes (BTC)
TPS: 1500 (XRP) vs. 7 (BTC)
Fee: $0.0003 (XRP) vs. $0.758 (BTC)
Speed: 3.80 seconds (XRP) vs. 9.2 minutes (BTC)
TPS: 1500 (XRP) vs. 7 (BTC)
Fee: $0.0003 (XRP) vs. $0.758 (BTC)