2 - 4 minute read
Yesterday, according to data from WhaleStats, XRP was one of the most utilized smart contracts among the top 90 BNB holders. The asset’s turnover among this group of investors increased by 241.5%, obtaining 2% market share. BNB, BUSD, and different BNB Chain-wrapped coins account for a significant amount of this group’s usage.
XRP remains in the top ten most-used smart contracts among BNB holders as of today, accounting for 0.64% of the total. According to WhaleStats, XRP was among the top 10 tokens purchased by the 2,000 largest BNB whales today.
🏆 MOST USED smart contracts for the top 90 biggest #BSC whales today— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) December 27, 2022
🥉 $BUSD @PaxosGlobal
4️⃣ #BSC-USD @Tether_to
5️⃣ $Cake @pancakeswap
6️⃣ $XRP @Ripple
7️⃣ $ATOM @cosmos
8️⃣ $GMT @stepnofficial
9️⃣ $USDC @circlepay pic.twitter.com/5xD3GJGPFJ
On the Binance Smart Chain, the total supply of XRP is 277 million tokens, with a fully diluted market capitalization of $99.45 million. BscScan reports that there are currently 254,895 addresses holding Binance-Peg XRP.
Wietse Wind, primary developer of XRP Ledger and creator of Xumm Wallet, stirred controversy in a recent social media post by claiming that XRP is a stablecoin because 1 XRP is equal to itself. This statement echoed an earlier article by Binance CEO Changpeng Zhao, in which he stated that 1 BTC is equivalent to 1 BTC, and the same holds true for BNB.
These unanticipated connections between XRP and BNB indicate the increasing investor demand for both products. It will be fascinating to observe how this tendency evolves in the next years.