The XRP ledger is recording an unusual increase in activity, processing each block with 600–700 transactions and maintaining over 120 transactions per second without increasing fees or causing congestion. The primary reason comes from activity on the DEX, particularly the mass cancellation of orders along with some new orders being created, indicating that traders are restructuring their positions in real-time.
A validator named Vet believes this is an important load test, while also emphasizing that demand could surge in a bull market and there is still room for optimization.
Despite the significant increase in on-chain activity, the price of XRP has not reacted. This suggests that the network is “heating up” while the market has yet to catch up.
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