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HomeCryptocurrencyBitcoinRipple Labs Reports 108% Surge in XRPL Transactions for Q1 2024

Ripple Labs Reports 108% Surge in XRPL Transactions for Q1 2024



Elena R

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Author: Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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In the latest report released by Ripple Labs Inc., total XRPL transactions increased by 108%, rising to 251 million from 121 million in Q4 2023. New applications and users drove this impressive growth. Additionally, its volume on the DEX increased by 5% from the previous quarter. Despite these developments, the number of new wallets on the protocol dropped by 11% compared to Q4 of the previous year.





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