Ripple’s Q4 2024 XRP Markets Report Highlights Strong Recovery in On-Chain Activity, Trading Volume, and Institutional Demand.
The last fiscal quarter saw a critical turnaround for XRP, as increased adoption and market confidence pushed its performance to new levels.
XRPL Hits $1 Billion on DEXs as On-Chain Activity Expands
The number of transactions on the XRPL ledger saw a slight decrease of 2.86% to 167 million in Q4 2024. However, the overall engagement on the network increased, according to the latest report from Ripple.
The Automated Market Maker (AMM) feature, introduced in March, saw a massive increase in trading volumes, jumping from $31.23 million in Q3 to $774.15 million in Q4. This increase significantly boosted trading on the XRPL DEX, which expanded from $63.4 million to $1 billion.
Overall, AMM exchanges accounted for 77% of total transactions, highlighting their growing influence on the network.
Adoption growth on the network has also reached record levels for XRPL. New wallet registrations rose from 140,000 in Q3 to 709,000 in Q4, reflecting a sharp increase in user engagement.
Since Trump’s election victory, the average closing price of XRP has jumped from $0.55 to $1.43, reaching a peak of $2.80 by the end of December 2024. This surge has led to an increase in transaction fees and token burns, with XRP burns increasing from 592,000 to 724,000 in Q4.
