Ripple has announced that the revenue from the sale of XRP coins has more than doubled the last quarter compared to the second quarter of the current year.
In the Q3 2018 XRP Markets Report, the company reveals that it sold $163.33 million in XRP, up from $75.53 million in the second quarter and almost matching its first-quarter sales of $167.7 million.
Notably, while Ripple has previously made some mention of new customers in its markets reports, to the point of saying it saw its “best quarter ever in Q2” in terms of customer growth, its latest report did not discuss adding any new clients.
While XRP price has taken a beating in 2018, the total market value still lies around $40 billion, with a total market supply of roughly 100 billion tokens. The report also mentions that 3 billion XRP tokens were released from escrow during Q3, while 2.6 billion tokens were moved into new escrow accounts. Last year Ripple also quarantined 55 billion XRP in order to provide price stability.
The report added that although XRP’s price declined through most of the third quarter, matching the general cryptocurrency market capitalization, it did rally near the end of September.