Increased Activity on XRP Ledger
The latest quarterly report shows that XRP Ledger recorded around 167 million transactions, a slight decrease of 2.9% from the previous quarter.
However, the highlight was the surge in Automated Market Maker (AMM) volume, which jumped from US$31.23 million to US$774.15 million, pushing the value of XRPL DEX to US$1 billion—around 77% of the total on-chain swap activity.
The Key Role of AMMs in the Network
According to information we cite from Beincrypto media, the increase in AMM usage reflects a major shift: swaps are now more popular than regular transfers.
Contributing to more than three-quarters of on-chain activity, this confirms that XRPL is increasingly popular for decentralized trading and liquidity provision.
Surge in New Wallets
The enthusiasm for the network is evident in the growth of new wallets, which skyrocketed from 140,000 in Q3 to 709,000 in Q4. This indicates increasing participation and widespread adoption among users.
Impact of XRP Price Increase
The increase in activity is in line with the XRP price rally which surged 280% during Q4, from an average of US$0.55 to hit US$2.80 in late December.
This increase not only increased transaction volume, but also transaction fees and the number of tokens burned, from 592,000 to 724,000 XRP.
The Strengthening Presence of Meme Coins
The momentum of meme coins is also showing rapid development. Tokens such as ARMY managed to reach a market capitalization of US$100 million in a short time, with trustlines for new tokens continuing to grow, reflecting the growing creativity in the XRPL ecosystem.
Development of Trustlines and Stablecoins
The number of trustlines increased from 7.3 million to 7.9 million, with an additional 600,000 new connections.
Around 37,000 of them are related to Ripple’s RLUSD stablecoin, showing promising early progress in the development of the XRPL stablecoin and tokenization ecosystem.
Conclusion: XRP Ecosystem is Getting More Dynamic
Overall, the XRPL is showing a major transformation with user growth, AMM dominance in swaps, the emergence of meme coins, and stablecoin adoption.
The XRP price increase is a major driver, driving liquidity, transactions, and strengthening the developer community within it.
