XRP Network and Proposal of Flow Index

15 Pages Posted: 30 Jun 2021

See all articles by Hideaki Aoyama

Hideaki Aoyama

RIKEN iTHEMS; Research Institute for Economy, Industry and Trade (RIETI)

Date Written: May 17, 2021


XRP is a modern crypto-asset (crypto-currency) developed by Ripple Labs, which has been increasing its financial presence. We study its transaction history available as ledger data. An analysis of its basic statistics, correlations, and network properties are presented. Motivated by the behavior of some nodes with histories of large transactions, we propose a new index: the ``Flow Index.'' The Flow Index is a pair of indices suitable for characterizing transaction frequencies as a source and destination of a node. Using this Flow Index, we study the global structure of the XRP network and construct bow-tie/walnut structure.

Keywords: Power distribution, Ripple Labs., Ledger data, bow-tie/walnut structure

JEL Classification: D85, G10, P45

Suggested Citation

Aoyama, Hideaki, XRP Network and Proposal of Flow Index (May 17, 2021). Available at SSRN: https://ssrn.com/abstract=3869516 or http://dx.doi.org/10.2139/ssrn.3869516

Hideaki Aoyama (Contact Author)

RIKEN iTHEMS ( email )

Wako, Saitama 351-0198
+81-9019011954 (Phone)

Research Institute for Economy, Industry and Trade (RIETI) ( email )

1-3-1 Kasumigaseki
Tokyo 100-8901

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