XRP Ledger's first quarter status: Payment volume increased by 350% quarter-on-quarter, reaching 2 million transactions per day

Messari released the Q1 2024 status of XRP Ledger, highlighting a quarter-on-quarter increase in payment volume by 350%, reaching 2 million transactions per day. This activity began at the end of the fourth quarter and cooled down by the end of the first quarter. AMM was launched at the end of this quarter, while DEX trading volume on CLOB increased by 41% quarter-on-quarter. Other highlights include plans to launch USD-pegged stablecoins on XRPL and Ethereum using native XRPL features and ERC-20 token standards respectively.

New features such as callback functions help asset issuers maintain compliance. Axelar bridge integration and new stablecoins can serve as liquidity catalysts for new AMMs and upcoming RWA projects like Zioniqx tokenizing assets. rippled 2.0 was released in January, proposing cross-chain bridges (XLS-38), DIDs (XLS-40), and two other amendments for community voting.