Reserve Protocol
Reserve Protocol have made significant developments on their Reserve App in the last few months, and their efforts are reflected on several growth metrics. The Reserve App essentially grew in every single metric, Consumers, Volume, and supporting merchants. The app currently has over 55,000 active customers (I.e., customers who have funded and moved their funds at least twice in the last 30 days). In the last few months, about 19 million USD has been transacted by retail customers and 43 million USD by businesses.
Despite the volume differences, retail consumers are making up nearly all the transactions on the chain. This is viewed as a good thing, considering Reserve Protocol focuses on retail investors by allowing them to utilize a relatively stable currency compared to their native currency.
The Reserve app has transacted 2.2 million transactions since launch, with a volume of 311 million USD. This is considerable due to that Reserve Protocol is currently only active in 4 countries.
