110 bot wallets drove 99.6% of RLUSD payments on XRP Ledger
- —7.79M transactions moved just $7,722, averaging about $0.001 per payment
- —Oct. 8-14 the bots made 1.58M of XRPL's 3.47M transfers (45.6%)
- —14,600 payments of $1+ moved $7.33B, with 10 wallets accounting for 82%
- —Fees for 8.6M transactions totaled about 495 XRP ($648)
Why it matters: RLUSD's transaction counts largely reflect bot traffic rather than genuine stablecoin adoption.
Source: CryptoSlate