XRPL Hits 2.8 Billion Transactions as Institutional Interest Soars

Ripple recently settled its legal battle with the U.S. Securities and Exchange Commission (SEC) after the agency withdrew its appeal. This resolution has fueled positive sentiment around XRP, further strengthening its market position. The XRP Ledger (XRPL) continues to lead blockchain innovation, processing over 2.8 billion transactions without a single security breach. Recent data from CryptoQuant shows a rise in XRPL activity since 23 March, reversing a decline observed since 19 March. As a result, XRP’s price climbed just below $2.40, marking a 1% gain in the past 24 hours.

Institutional Interest in XRPL Grows

Jasmine Cooper, RippleX’s Head of Products, emphasized XRPL’s efficiency as a major draw for institutional investors. The ledger’s speed and reliability make it an attractive option for asset issuers and financial institutions.

Institutional players are increasingly leveraging XRPL for asset tokenization. OpenEden has successfully tokenized U.S. Treasury bills, providing institutional investors with on-chain financial instruments. Meanwhile, BlackRock, a global asset management giant, is exploring asset tokenization, further aligning with XRPL’s growing influence in digital finance.

XRPL Expands DeFi and Cross-Border Payment Capabilities

Cooper highlighted XRPL’s expanding ecosystem, which supports broader adoption. Innovations in decentralized finance (DeFi) and cross-border payments play a key role in this growth. The introduction of an Automated Market Maker (AMM) has improved on-chain trading and liquidity while reducing dependency on centralized exchanges.

RippleX’s plan to integrate an Ethereum Virtual Machine (EVM) sidechain is gaining traction. This upgrade will allow developers to deploy Ethereum-based smart contracts while benefiting from XRPL’s efficiency. Additionally, Ripple’s new USD-backed stablecoin, RLUSD, enhances the network’s utility in cross-border transactions.

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If RLUSD secures regulatory approval and institutional backing, XRPL adoption could surge. This development would further cement its position as a key player in blockchain finance.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.