The number of transactions on the $XRP ledger (XRPL) fell 2.86% to 167 million in Q4 2024, but overall activity on the network increased significantly, according to Ripple's latest report.$LIT $TKO

Automated market maker (AMM) swap volume increased more than 20-fold in the last three months of the year, from $31.23 million to $774.15 million in Q4. XRPL DEX trading volume increased from $63.4 million to $1 billion, with AMM swaps accounting for 77% of all transactions, highlighting their growing influence on the network.

Ripple added 709,000 new users in Q4, up from 140,000 in Q3.

The XRPL platform has seen a flurry of new tokens. Over the quarter, users created 600,000 new connections to various tokens, bringing the total number of such connections to 7.9 million. Much of the new activity came from Ripple's RLUSD stablecoin, which saw 37,000 new connections.#XRPETFIncoming? #Xrp🔥🔥 #XRPRealityCheck #XRPUSDT🚨 #XRP’