Coinbase's Filing with the SEC Reveals XRP Transaction Revenue Surged 458%

Brett (@Brett_Crypto_X), a well-known voice in the crypto community on X, recently highlighted a development drawing attention

In a post shared by Brett (@Brett_Crypto_X), a well-known voice in the crypto community on X, brought attention to a development that has sparked discussion across the digital asset space.

Referencing Coinbase's filing with the U.S. Securities and Exchange Commission (SEC), Brett highlighted that the exchange earned more transaction revenue from XRP than from Ethereum or Solana.

“Coinbase earned more in transaction revenue from $XRP than from Ethereum or Solana.

Data from its filing with the Securities and Exchange Commission shows a 458% surge in the value of XRP held on Coinbase in the last year.”

XRP held on Coinbase experienced a 458% surge in value over the past year, leading many to reconsider the token's standing among leading cryptocurrencies.

Community Sentiment and XRP's Performance

The post prompted several users to weigh in on XRP's current trajectory. One user remarked, "XRP catching up in silence," while another claimed that "XRP is the replacement for ETH and SOL."

These reactions reflect a broader sentiment that XRP is gaining strength while maintaining a relatively low profile.

XRP has now outperformed Ethereum for more than five consecutive months. In addition to this consistent trend, it has also surpassed Ethereum's Fully Diluted Value (FDV). The next target is to beat Ethereum for the second position in the market ranking.

While the asset may be building slowly, experts have previously shown that it tends to move fast and aggressively, and it may begin a historic run out of nowhere and shock the market.

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XRP's Market Dominance

Coinbase's data offers more than a surface-level insight into transaction revenue. The fact that XRP generated more revenue than Ethereum or Solana suggests increased trading activity and growing user engagement with the asset.

It also points to a significant shift in investor interest, especially considering that Ethereum and Solana have traditionally dominated discussions about utility, scalability, and the developer ecosystem.

The 458% increase in XRP holdings on Coinbase over the past year shows a sharp rise in accumulation and confidence in the asset's long-term potential. Such a rise is unlikely to be coincidental, particularly when viewed alongside its outperformance of the top assets.

XRP is also outpacing Bitcoin in certain areas. A recent analysis showed that active XRP addresses surged by 490% while Bitcoin only experienced a 10% growth.

Some experts have maintained for years that XRP could eventually surpass Bitcoin in market influence and utility. Although such predictions have often been met with skepticism, current trends appear to support the idea that XRP is closing the gap.

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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