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.