XRP Ledger (XRPL) DEX Volume Soars 203%, Here's The Driver
2025-07-07 16:08:53
Main Idea
The XRP Ledger (XRPL) has seen a 203% increase in DEX volume over seven days, driven by growing adoption and new utility from an EVM sidechain launch.
Key Points
1. XRP Ledger's DEX volume surged from $108,000 on July 1 to over $300,000 by July 7, 2025, marking a 203% increase.
2. The rise in trading activity suggests users are increasingly viewing XRPL as a trustworthy, scalable, and low-cost blockchain.
3. Ripple Labs aims to dominate the tokenization market, estimated to reach $18.9 trillion in eight years.
4. The launch of an EVM-compatible sidechain enables Ethereum-based dApps to operate on XRPL, attracting traders and developers.
5. SBI Group CEO Yoshitaka Kitao endorsed Ripple's recent developments, signaling strong institutional support.
Description
XRP Ledger facing bullish adoption trends, as shown in DEX volume boost
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