The annual volume on the RippleNet reached $15 billion

04.05.2022 08:39
by Anđelija Anđelić
1 min read

The annual volume on the RippleNet reached $15 billion

The total annual volume of transactions on the RippleNet platform reached a record $15 billion. Ripple explained this dynamics by the growing popularity of the On-Demand Liquidity (ODL) service.

In the first quarter of 2021, the volume of payments through ODL increased by almost eight times compared to the same period last year.

The Asia-Pacific region is one of the largest participants in the ODL dollar turnover. In the first quarter of 2022, it accounted for transactions totaling $1 billion.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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