David Bell

Hey XRPL fam! 👋 Just wrapped up our weekly deep dive into the #XRPL market data, and thought we'd share what we're seeing. Buckle up, it's been an interesting week! 📊 AMM action: Looks like things cooled off a bit in the AMM space. Volumes are down about 45% from last week, and we're seeing less money flowing in and out. But don't panic! The numbers of pools are still creeping up (3% increase), and there's more XRP being pooled. Slow and steady wins the race, right? 🖼️ NFT scene: More players joining the game! We've got 29% more active traders this week. But here's the twist - volumes are down 19% and prices dropped quite a bit (43% lower on average). Feels like we might be hitting a bit of a reset. Maybe it's a good time to snag some deals? 👀 🔮 Crystal ball time: Short term: Might be a bumpy ride. AMM volumes could stay low, #NFT prices might keep cooling off, but expect lots of action in token trading. Looking ahead: We've got a hunch the AMM sectors will bounce back as more cool DeFi stuff launches on XRPL. NFTs might go quiet for a bit, but don't count them out - there's always another hype cycle! As for tokens, we're betting we'll see a gradual climb back up in market caps. Remember, this is just our 2 #XRP based on the numbers. Always DYOR and don't invest more than you can afford to lose! What are you all seeing out there? Drop your thoughts below! 👇