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Ripple released the second quarter 2018 report for its XRP digital asset today, July 24th. According to the report, Ripple's XRP chip sales were a "drop in bucket" compared to the total XRP market.
For the report, Ripple sold a total of $ 75.53 million in the second quarter. Of this amount, the company sold $ 56.66 million through scheduled sales, which amounted to 0.125% of Ripple's $ 45.35 billion sales during the second quarter.
Direct sales amounted to 16.87 million dollars, made through the subsidiary of Ripple XRP II, LLC, a registered and licensed monetary services company (MSB).
Q2-Q1 2018 Table of the XRP reports
The report underlined the low volatility of XRP in the second quarter, showing a decline of 9.0 percent in line with 8.2% of Bitcoin percentage decline. [19659002] In addition, the report covered the guarantee deposit assets, stating that 3 billion XRPs were released by guarantee contracts in the second quarter, while 2.7 billion XRPs were included in new warranty contracts
In the fourth quarter of 2017, Ripple placed XRP 55 billion in an encrypted escrow account, which means that the company can only access 1 percent of the total XRP in circulation. 300 million XRPs remaining for escrow were used to support the ecosist ema XRP.
The report also mentioned some new participants in the XRP ecosystem in the second quarter, including the application of Coil micropayment and the SB Projects content monetization platform. Ripple noted that both new entrants are supported by the venture initiative Ripple Xpring, which is responsible for partnerships with companies and projects "run by established entrepreneurs."
Regarding the general market in the second quarter, Ripple emphasized the independence of XRP from Ripple itself. The report notes that the decline in XRP coin prices was in line with the general trend of crypto markets, indicating the decline in total capitalization of all cryptocurrencies from $ 603.7 billion in January 2018 to $ 254.7 billion by half dell & # 39; year. The report notes that Ripple recorded the best second quarter quarter in terms of signed customers:
"It is also important to note that although Ripple has its best quarter ever in the second quarter – in terms of signed customers – the price of XRP continued to decrease those of other digital resources, underlining the independence of XRP from Ripple. "
The third largest cryptocurrency by market capitalization, XRP reached its all-time high of $ 3.81 on 4 January 2018. At the time of printing, the token is trading at $ 0.46, down about 10% in the last week, according to Cointelegraph's XRP price index.
Ripple (XRP) Source: Coinmarketcap
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