XRP Markets reports that Ripple blockchain company sold more than $361 million worth of XRP tokens in the first three months of this year, compared to $226 million in the previous quarter.
The company creates global payment products and has developed a decentralized XRP payment system. While Ripple and XRP are separate entities, Ripple uses the public XRP blockchain to support its products.
The sales were related to Ripple’s on-demand liquidity product, which helps users transfer funds around the world without using correspondent banking relationships.
Activity in the XRP Ledger network remains high, and the volume of decentralized exchanges increased by 34% compared to the fourth quarter of 2022 and amounted to $115 million.