As per recent data from Messari, Dogecoin is surpassing XRP in transaction volumes. Dogecoin is recording $1.26 billion in transaction volumes over the last 24 hours while XRP reported $717 million.
XRP however has an edge in Adjusted Transaction Volumes, recording nearly four times that of Dogecoin. Adjusted transaction volume is a good way to isolate only the most important transactions. XRP is outpacing Dogecoin, Litecoin, TRON in 24 hour adjusted transaction volumes, reporting $699 million in this metric. Dogecoin’s 24-hour adjusted volume stands at $179 million. XRP users also paid $1,710.21 in fees compared to that of Dogecoin’s $4,541.24.
On-Chain Activity, Courtesy: Messari.ioPopular crypto tracker Whale Alert shows that in the past two days, a whopping 390 million XRP has been moved by Ripple and several anonymous users. While marking the first anniversary of the Ripple-SEC lawsuit, CEO Brad Garlinghouse stated that Ripple is now in its strongest financial position ever, despite legal troubles in the U.S.
In recent updates shared by defense lawyer James K. Filan with the XRP community, Ripple and the Individual Defendants have filed their opposition to the SEC’s Motion for Partial Reconsideration and Clarification of Judge Netburn’s DPP Ruling. Ripple says that the SEC is simply seeking a “do-over” with its latest move.
Attorney Jeremy Hogan, Partner at Hogan & Hogan, believes Ripple’s recent move might be ”the hardest hitting brief” on the SEC. In a previously unsuccessful attempt by SEC, District Judge Torres denied, in a one-word order, the SEC’s motion to file a sur-sur-reply in support of its motion to strike Ripple’s fair notice defense.
The SEC earlier filed an opposition to compel turnover of notes taken by Matthew Estabrook, counsel to then SEC Commissioner Elad Roisman, to Ripple defendants. However, the agency went ahead and submitted the notes to Judge Netburn for an on-camera review. Ripple requested the Estabrook notes earlier in February and argued these were not protected when the agency claimed the deliberative process privilege (DPP).
Image Credit: Messar.io, Shutterstock
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