XRP is leading on Uphold. Ripple’s XRP has emerged as the most actively traded digital asset on Uphold, garnering significant user engagement, surpassing major cryptocurrencies such as Bitcoin and Ether.
US Market Dominance: XRP previously established itself as the top altcoin on US-based cryptocurrency exchanges, indicating a surge in popularity.
Ripple and Uphold Collaborate: The partnership between Ripple and Uphold has resulted in increased promotional activity, including increased XRP airdrops and sweepstakes.
XRP surpasses BTC and ETH
The momentum of Ripple’s native token, XRP, has seen a notable uptick this year, increasing investor interest. Dr. Martin Hiesboeck, head of research at Uphold cryptocurrency exchange, recently said: interesting development Regarding tokens.
He said that XRP ranked first in terms of trading volume on the platform over the past week (November 18 to November 25), with nearly 75% of users winning various amounts of coins.
In particular, Bitcoin (BTC) and Ethereum (ETH), the most prominent cryptocurrencies based on market capitalization, ranked 5th and 8th, respectively. Kaspa (KAS) and Stellar (XLM) took second and third places, following XRP.
At one point earlier this year, Ripple’s token held the title of most traded altcoin on US-based cryptocurrency exchanges, followed by Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE).
Uphold and Ripple Collaborate
The collaboration between blockchain companies and exchanges, signed at the end of October, aimed to strengthen and improve cross-border payments infrastructure. Simon McLoughlin, CEO of Uphold, argued that the partnership demonstrates how the strengths of both companies can work synergistically to facilitate efficient cryptocurrency-to-fiat transfers and bank payments.
Following the announcement of the collaboration, Uphold expanded the size of its XRP airdrop to one lucky user last month. Additionally, a new sweepstakes has been introduced for November, giving one lucky customer the chance to win 50,000 XRP, equivalent to $32,000 at current exchange rates.
Read more: Crypto Crescendo: A Symphony of Inflows and Market Dynamics