The increased activity on XRP Ledger correlates with forecasts of significant XRP growth. The achievement of 830,000 daily transactions indicates rising interest in the network.
Increase in XRP Ledger Activity
The XRP Ledger is currently logging over 830,000 daily transactions, accompanied by increases in active addresses and traders. New volumes from decentralized exchanges and stablecoins are also driving this activity.
Ripple's Key Statement on Future Volumes
Ripple CEO Brad Garlinghouse stated at the Apex XRPL Summit that in five years, the XRPL could process 14% of global SWIFT traffic, equating to over $21 trillion annually.
Sidechain Launch and Stablecoin Push
The launch of an EVM-compatible sidechain on the XRP Ledger opened up new growth opportunities. Ripple's stablecoin, RLUSD, targets the remittance market, which is expected to increase transaction volumes in the future.
With the rising activity on the XRP Ledger and Ripple's ambitious forecasts, the network's future appears promising, particularly with the implementation of new technologies and mechanisms.
