The XRP Ledger (XRPL) has shown significant growth in trading volumes on decentralized exchanges over the past week, along with an increase in user activity.
Growth in Trading Volumes
Trading volume on the XRPL surged by 203%, increasing from approximately $108,000 on July 1 to over $300,000 by July 7, 2025. Data from DeFiLlama indicates that the recent 24-hour DEX volume reached $305,913, reflecting growing user interest in the platform.
Launch of EVM Sidechain
The recent launch of a compatible EVM sidechain, which enables Ethereum-based decentralized applications (dApps) to operate on the XRPL, may further contribute to the increased trading volumes. This expansion of functionality is likely attracting traders and developers to the platform.
Partnership with SBI Group
Yoshitaka Kitao, CEO of SBI Group, endorsed Ripple's initiative on financial asset tokenization, highlighting how this technology is transforming services in the financial sector. Ripple aims to stake a claim in the tokenization market, which the company estimates could reach $18.9 trillion in the next eight years.
In conclusion, the rising trading volume on the XRP Ledger and active partnerships with financial institutions highlight the platform's sustained interest and its potential in the field of tokenization.
