SWAP VOLUME IN XRP LEDGER’S Decentralized exchange (Dex) The $ 400 million marks crossed in January as the network gained traction with larger players, Ripple Labs CEO Brad Garlinghouse said in a community call Wednesday,
Volumes average more than $ 17 million days this month, with over $ 1 billion since the launch of 2024.
The rapid expansion of the DEX of the XRP Ledger is one of the main reasons to make 2024 “one of the most massive years for Ripple,” Garlinghouse said, in conjunction with “early but promising US dollar-pegged traction” Stablecoin, RLUSD, included with a lot of filing For the proposed funds exchanged by the XRP (ETF) exchange.
Since November, imaginary optimism among entrepreneurs is that a crypto-friendly administration can benefit to tokens and products linked to US-based companies, such as Ripple and the nearby Related XRP.
XRP Ledger’s Dex is built directly on blockchain functionality rather than becoming a separate application or intelligent contract at the top of the blockchain, which often occurs in other dex-based blockchains (such as uniswap or pancakeswap) .
It uses a book order system where users can place both limit and market orders for XRP and other possession issued to the XRP ledger. These possessions may include tokens or IOU for different currencies or goods.
