Ripple’s Schwartz defends low XRPL volume, says banks settle offchain
Main Idea
Ripple's CTO David Schwartz defends the low onchain activity of XRPL, explaining that most institutional transactions occur offchain, despite a reported 30%-40% drop in XRPL volume in Q1 2025.
Key Points
1. Ripple's CTO David Schwartz addressed concerns about low XRPL volume, stating that most institutional transactions happen offchain.
2. XRPL, launched in 2012, is a decentralized blockchain supporting XRP and has partnerships with entities like the Dubai government and Guggenheim.
3. Ripple reported a 30%-40% decline in XRPL onchain activity in Q1 2025, including new wallet creation and overall transactions.
4. DeFi activity on XRPL was more resilient than other segments, with decentralized exchange volume showing less decline.
5. Ripple emphasized transparency and plans to share more insights as institutional engagement with XRP grows.
Description
Ripple claims hundreds of bank partners, but with a 30%–40% drop in XRPL activity and institutional use concentrated offchain, transparency concerns persist.
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