Despite this temporary uncertainty and related market impact that caused sell volumes to briefly spike beyond purchase demand during one week, trading activity and the exchange rate have since returned to near historical levels.
The L$ exchange rate is a floating rate that can change based on supply and demand. Although Linden Lab employs a variety of methods including sinks, sources, and selling L$ from time to time, and tries to maintain a relatively stable money supply and exchange rate, we are committed to allowing the economy to fluctuate based on its own market forces. As in the real-world economy, these market forces can sometimes result in changes that can affect businesses positively or negatively in Second Life.
For more information on the Second Life economy in the second quarter, read today’s blog post.
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