The volumes of exchange on the decentralized exchange of XRP (DEX) crossed the mark of $ 400 million in January while the network is gaining ground among the biggest players, said the CEO of Ripple Labs, Brad Garlinghouse, During a community call on Wednesday, Wednesday,

The rapid expansion of the DEX of the Book XRP was one of the main reasons that made in 2024 “one of the most monumental years for Ripple”, said Garlinghouse, alongside the “early traction” with multiple filings For offers XRP Exchange-Traded Funds (ETFs).

Since November, speculative optimism among traders has been that an cryptographic user -friendly Trump administration may benefit tokens and products related to American companies, such as Ripple and its closely linked XRP.

The Dex de Xrp Ledger is built directly in the functionality of the blockchain rather than being a separate application or an intelligent contract above the blockchain, which is often the case with other Dex based on the blockchain (like Uniswap or Pancakeswap).