Liquidity for XRP on On Demand Liquidity enabled exchanges is surging and reaching new all time highs nearly every other day. For example the XRP Bitso liquidity index hit another all time high today.
On October 6th 2019, which was two weeks ago at the time of writing this, I first got the historical xRapid search script running from valued XRP community member @hmatejx, and we did a 2 hour livestream constantly refreshing the script to see the xRapid transfers and the typical transfer size that would repeat was 7500 XRP. Then when i first launched the ODL-Live script the typical size was about 40,000 XRP for an ODL transaction, the reason why these numbers repeat is because the institutions are actually batching these transactions once they meet a certain value threshold.
Now as of today on the ODL Live Script you can see that many many 100k+ XRP ODL transactions were being sent through, primarily Bitstamp–>Bitso so its a USD/MXN transaction, my suspicions are telling me this is MoneyGram ramping up.
Early this morning we were seeing the same thing, larger and larger ODL transactions coming through, valued XRP community member @Janna_One_Trick took many screenshots this morning of the ODL Live Stream and showing the biggest ODL transaction we have seen yet at 250,000 XRP!
and then she posts about 4 more screenshots of nothing but 80,000+ XRP transfers.
In just two weeks the ODL transactions batch went from 7500 XRP to 80,000 XRP and now is regularly doing 100k+ XRP. At this rate we should see 1,000,000 XRP transactions in just about a month and a half.
Exciting times to be an XRP holder, its great to now be able to watch the XRP institutional utility grow right in front of our eyes :). If you want to see the Latest ODL transactions you can see a 24/7 feed of them here.