Ripple Reaches Milestones In Q3 Report

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Ripple revealed for the first time that it now holds less than half of the total supply of the XRP cryptocurrency.

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In a tweet today, Ripple shared its Q3 report stating Ripple now holds less than 50% of the XRP supply.

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The company revealed that the XRP Ledger's consensus mechanism ensures that each validator node has only one vote, regardless of how much XRP they hold.

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Ripple runs only 4 out of the over 130 XRP validators.

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Brad Garlinghouse, Ripple CEO, tweeted and delineated this event as a “huge milestone” for the company.

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Ripple has noticed an ever-increasing demand for its ODL services. The service was expanded to new markets in Latin America in Q3.

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According to reports, XRP sales by Ripple, net of purchases, were $310.68M vs. $408.90M USD the previous quarter

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