• January saw $400 million in swap trading volume on the XRP Ledger
• Since last year’s launch, DEX has processed over $1 billion in cryptocurrency swaps
• An amendment to the XRP Ledger, identified as XLS-73d, is set to go live on January 30

For January, Ripple’s XRP Ledger decentralized exchange (DEX) has seen substantial growth, recording approximately $400 million in swap volumes. The news was shared by Ripple’s CEO Brad Garlinghouse during the XRP Community Day.

This equates to an average daily transaction volume of over $17 million. Since its launch in 2024, the DEX has processed over $1 billion in cryptocurrency swaps.

Ripple had a great last year, and one of the main contributors to the successful past 12 months is the rapid growth of the XRP Ledger DEX. The CEO also noted the promising start of Ripple’s US dollar-pegged stablecoin, RLUSD, and several filings for proposed XRP exchange-traded funds (ETFs).

Furthermore, he stated that JPMorgan Chase & Co. projects potential XRP inflows exceeding $8 billion for an XRP ETF, such as those proposed by Bitwise and WisdomTree.

Related: XRP Ledger To Vote on Key Amendment: Could RLUSD AMM Pool Boost XRP…

The post XRP Ledger DEX Volume Hits $400M in January, Ripple CEO Bullish on Growth appeared first on Coin Edition.

• January saw $400 million in swap trading volume on the XRP Ledger
• Since last year’s launch, DEX has processed over $1 billion in cryptocurrency swaps
• An amendment to the XRP Ledger, identified as XLS-73d, is set to go live on January 30

For January, Ripple’s XRP Ledger decentralized exchange (DEX) has seen substantial growth, recording approximately $400 million in swap volumes. The news was shared by Ripple’s CEO Brad Garlinghouse during the XRP Community Day.

This equates to an average daily transaction volume of over $17 million. Since its launch in 2024, the DEX has processed over $1 billion in cryptocurrency swaps.

Ripple had a great last year, and one of the main contributors to the successful past 12 months is the rapid growth of the XRP Ledger DEX. The CEO also noted the promising start of Ripple’s US dollar-pegged stablecoin, RLUSD, and several filings for proposed XRP exchange-traded funds (ETFs).

Furthermore, he stated that JPMorgan Chase & Co. projects potential XRP inflows exceeding $8 billion for an XRP ETF, such as those proposed by Bitwise and WisdomTree.

Related: XRP Ledger To Vote on Key Amendment: Could RLUSD AMM Pool Boost XRP…

The post XRP Ledger DEX Volume Hits $400M in January, Ripple CEO Bullish on Growth appeared first on Coin Edition.