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Embedding and correlation tensor for XRP transaction networks

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  • Abhijit Chakraborty
  • Tetsuo Hatsuda
  • Yuichi Ikeda

Abstract

Cryptoassets are growing rapidly worldwide. One of the large cap cryptoassets is XRP. In this article, we focus on analyzing transaction data for the 2017-2018 period that consist one of the significant XRP market price bursts. We construct weekly weighted directed networks of XRP transactions. These weekly networks are embedded on continuous vector space using a network embedding technique that encodes structural regularities present in the network structure in terms of node vectors. Using a suitable time window we calculate a correlation tensor. A double singular value decomposition of the correlation tensor provides key insights about the system. The significance of the correlation tensor is captured using a randomized correlation tensor. We present a detailed dependence of correlation tensor on model parameters.

Suggested Citation

  • Abhijit Chakraborty & Tetsuo Hatsuda & Yuichi Ikeda, 2023. "Embedding and correlation tensor for XRP transaction networks," Papers 2305.09917, arXiv.org.
    • Handle: RePEc:arx:papers:2305.09917
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    Cited by:

    1. Abhijit Chakraborty & Tetsuo Hatsuda & Yuichi Ikeda, 2023. "Dynamic relationship between XRP price and correlation tensor spectra of the transaction network," Papers 2309.05935, arXiv.org.

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