©Reuters
- The XRP Ledger (XRPL) has seen a significant increase in network activity following the launch of the XRP Script initiative. The initiative, which began on December 23, has led to a 350% increase in daily transactions, reaching more than four million today. This surge is attributed to users making low-value transactions to create “XRP20” non-fungible tokens (NFTs) using the XRP Script.
This sudden spike in activity caused network congestion as validators struggled to keep up with processing requests. Currently, transactions are processed at a rate of fifty per second, which is significantly lower than the ledger’s tested capacity of up to three thousand four hundred transactions per second.
This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.