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The ODL index for XRP/AUD exceeded the previous all-time high value of $15,640,530 despite the price of XRP staying relatively flat.
On-Demand Liquidity (ODL) for XRP paired with the Australian dollar reached a new all-time high of 15,640,530 AUD on the exchange BTC Markets.According to a recent tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — approximately 10.6 million USD — on June 2, exceeding the previous ATH value. The XRP liquidity in Australian markets has seen a fairly steady rise since the beginning of 2020, despite the price remaining close to 0.20 USD since May 10. Source: LiquidityBODL network more popular than everCointelegraph reported Ripple’s ODL payments network tripled in transaction volume over Q1 2020, while the USD value transacted using ODL increased by more than 294%. Ripple was able to reduce its total XRP sales from $13.08 million in Q4 2019 to $1.75 million in Q1 2020.Token holders have described XRP liquidity as the “lifeblood of Ripple’s [ODL] for cross-border payments.”