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Blockchain firm Ripple Labs has moved 630 million XRP, worth roughly $1.3 billion at current prices, in a departure from its usual 1 billion token unlock schedule. According to blockchain tracking platform Whale Alert , the first major transaction occurred at 11:00 p.m. UTC on June 1, when an anonymous wallet sent 330 million XRP to an address linked to Ripple. 330,000,000 #XRP (716,729,507 USD) transferred from unknown wallet to #Ripplehttps://t.co/TDrDt6mFTl — Whale Alert (@whale_alert) June 1, 2025 However, data from XRPScan confirmed the move was an internal transfer between two Ripple-controlled wallets, Ripple 26” and “Ripple 1.”  Just two minutes later, “Ripple 26” transferred another 170 million XRP to “Ripple 15,” bringing the total internal movement to 500 million XRP. Ripple XRP internal transactions. Source: XRPScan Shortly after, Ripple locked up 670 million XRP in escrow across two transactions. The first, via wallet “...

The two layer-2 networks processed more than 1.1 million transactions combined on Jan. 10. Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network. Layer-2 networks Arbitrum and Optimism have seen an increase in transaction s over the past three months. Comparatively, aside from a few spikes, transaction s on the Ethereum network have declined by around 33% since late October according to Etherscan. This has enabled the two L2s combined to flip Ethereum for this metric, according to Dune Analytics data. The chart shows Ethereum processed over 1.06 million transactions on Jan. 10 whereas Arbitrum and Optimism combined processed over 1.12 million transactions. Additionally, Optimism has now surpassed Arbitrum in terms of daily transactions following a steady uptrend in activity since September. Layer-2 ecosystem analytics website L2beat reported all L2 activity in terms of tra...