Urgent.News

What's breaking now, across thousands of outlets.

AI

Will AI Provide a Boost for XRP? The XRP Blockchain Ledger Just Hit 14 Million in AI Agent Transactions.

The economic impact is small so far, but it could grow.

The XRP Ledger has recently seen 14.6 million transactions conducted by AI agents, totaling $33,506. While this is a significant milestone, the current impact on XRP holders is limited. The average transaction value is only a fifth of a penny, and the overall fee burns are minimal, having burned only a fraction of 1% of the total XRP supply.

RippleX's J. Ayo Akinyele aims for 100 million AI agent transactions, but even then, the impact on XRP holders may be limited due to the large market cap of XRP. The majority of transactions on the ledger are currently being made by AI agents, with only 25% attributed to humans. Despite this, the growth of AI agents on the XRPL may not translate into a significant upside for XRP holders, as most activity relies on fee burns rather than holding or burning XRP.

Developers tend to favor Ethereum for their AI agents due to the larger user base and available tooling, which leaves XRP with a smaller market share. For XRP holders to benefit from AI agents on the XRPL, there needs to be a greater connection between AI agent activity and the actual use and value of XRP itself.

Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at fool.com →

More in AI

US forces in Europe are bracing for 'Ukraine's worst day.' AI could help them fight an overwhelming flood of missiles and drones.

US forces in Europe are preparing to defend against massive missile and drone attacks while launching strikes of their own on a scale seen in Ukraine.

  • U.S. forces in Europe preparing for Ukraine's worst day with AI assistance
  • AI technology could analyze battlefield data and assist in decision-making
  • AI would operate swiftly, but final decisions remain with human soldiers

More from Saturday 31 October →