Ripple $3.1 Labs CEO Brad GarlinghouseMade important statements in the community call on Wednesday. Garlinghouse, Xrp ledger The decentralized stock market (Dex) announced in January that it exceeded the transaction volume of $ 400 million. With the adoption of the network among the big players, this figure has increased over $ 1 billion since the beginning of 2024. CEO stressed that the average daily volume of the platform is at the level of $ 17 million.
Garlinghouse, XRP Ledger DexThe rapid growth of the Ripple for Ripple was the main reason for 2024, one of the most important years ”. The US Dollar Stablecoin Rlusd attracted attention in the early stage and the diversity of Spot XRP ETF applications are among the prominent developments of this year.
XRP Ledger Dex’s rise
XRP LEDGER’s decentralized stock exchange has a different architecture than dex in other blockchain. The platform is integrated into Blockchain’s basic functionality. Uniswap or Pancakeswap Unlike systems based on smart contracts such as the XRP Ledger uses the direct order book model. Users can provide limit and market orders for XRP and other assets created on Network.
This building provides advantage in terms of transaction speed and cost efficiency. These features, which attracted the attention of corporate investors, played a critical role in the increase in volume. Garlinghouse underlined that the security and scalability -oriented design of the network also supports growth.
Ripple’s strategic moves are increasing interest in products
Ripple2024 in a multi -faceted strategy continues. Although Rlusd Stablecoin is still in an early stage, it aims to consolidate its location on the market. ETF applications for the company’s XRP are waiting for the future approval. All these steps are Ripple’s Crypto Money MarketIt is considered parts of the plan to create a wider domain.
On the other hand, speculation of Donald Trump’s presidency of Donald Trump has been effective in the markets since November 2023. Analysts predict that crypto money -friendly policies of the Trump administration can provide an advantage for US -based projects such as Ripple and XRP. As a matter of fact, the re -election of the US President of Trump came to the fore as one of the main factors that increased investors’ interest in XRP.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
