Swap volumes on XRP Ledgers Decentralized Exchange (DEX) crossed $ 400 million -mark in January, as the network gets traction among larger players, Ripple Labs CEO Brad Garlinghouse said in a social call Wednesday, Wednesday, Wednesday, said
Volumes average over $ 17 million daily this month with over $ 1 billion since the launch of 2024.
The rapid extension of the XRP headbox DEX was one of the main causes that made 2024 “one of the most monumental years for Ripple,” Garlinghouse said, along with the “early but promising traction” of Ripple’s US Dollar-Pegged StableCoin, RLUSD, along with several archives for proposed XRP-stock-traded funds (ETFs).
Since November, the speculative optimism among the traders has been that a crypto-well-Rengeful Trump administration could benefit tokens and products linked to US-based companies, such as Ripple and its closely related XRP.
The XRP Ledger’s DEX is built directly in blockchain’s functionality rather than being a separate application or a smart contract on top of blockchain, which is often the case with other blockchain-based DEXs (such as Uniswap or Pancakeswap).
It uses an order book system where users can place both limited and market orders for XRP and other assets issued on the XRP headbook. These assets may include tokens or Ious for different currencies or raw materials.
