Exchange volumes in the decentralized exchange of XRP Ledger (DEX) crossed the $ 400 million brand in January as the network earns traction among the largest players, said the CEO of Ripple Labs, Brad Garlinghouse, in a community call on Wednesday , on Wednesday,
The volumes averaged more than $ 17 million daily this month, with more than $ 1 billion since its launch of 2024.
The rapid expansion of the XRP book was one of the key reasons that made 2024 “one of the most monumental years for Ripple,” said Garlinghouse, along with the “early but promising tensile” by Stablecoin, Rlusd, Rlusd, Ripple rlusd. with multiple presentations for funds quoted in the stock market (ETF) proposed by XRP.
Since November, speculative optimism among merchants has been that a Trump administration with cryptographic could benefit tokens and products linked to US companies, such as Ripple and its closely related XRP.
The XRP Ledger DEX is based directly on the functionality of the block chain instead of being a separate application or an intelligent contract at the top of the block chain, which is often the case with other Dex based on blockchain (like Uniswap or Pancakeswap).
Use a request book system where users can make limit and market orders for XRP and other assets issued in the Book Mayor XRP. These assets may include tokens or ious for several currencies or basic products.
