XRP Ledger DEX Volume Jumps 203% Amid Tokenization Push

XRP Ledger, the blockchain that underpins XRP, is gaining serious traction in the decentralized finance (DeFi) space, as its decentralized exchange (DEX) volume has surged an impressive 203% in just one week. This leap in trading activity highlights growing interest in XRP Ledger’s capabilities and signals a broader trend in user behavior favoring decentralized platforms.

According to data from DeFiLlama, XRP Ledger’s DEX trading volume climbed from approximately $108,000 on July 1 to over $305,000 by July 7, 2025. This rise indicates heightened user engagement and increased adoption of XRPL as a decentralized trading environment. The magnitude of this volume growth suggests more participants are considering XRP Ledger as a viable solution in the evolving DeFi ecosystem.

Much of this growth is attributed to what analysts are calling a strategic pivot by Ripple, the company closely linked to XRP. In recent months, Ripple has amplified its tokenization agenda, aiming to carve a large slice out of the broader tokenization market. According to Ripple’s forecasts, this market could balloon to $18.9 trillion over the next eight years. This ambition is not only drawing attention from investors but is also starting to yield results in tangible on-chain activity.

Between July 1 and 7, the nearly threefold increase in trading volume reflects the market’s growing confidence in decentralized alternatives. Users appear to be distancing themselves from centralized exchanges, which have faced various operational and regulatory challenges. Instead, the XRPL ecosystem offers a low-cost, high-speed, and transparent platform that meets many of the current needs in crypto trading and asset management.

Ripple’s drive into real-world asset tokenization seems to be striking a chord globally. In Japan, for instance, the initiative has received strong backing from SBI Group’s Chief Executive, Yoshitaka Kitao. He emphasized how digitizing financial instruments through tokenization could dramatically reshape the sector. His endorsement lends further credibility to Ripple’s long-term strategy and spotlights the XRP Ledger as an emerging backbone for next-generation financial infrastructure.

Another critical driver fueling the rise in XRPL activity is the recent deployment of an EVM-compatible sidechain. This new addition enables Ethereum-based decentralized applications (dApps) to function smoothly within the XRP Ledger environment. The integration brings added flexibility and broadens the potential for developers to create cross-chain applications. It also positions XRPL as a more attractive platform for developers who want access to Ethereum’s smart contract functionalities while benefiting from XRPL’s efficiency and speed.

This introduction of Ethereum Virtual Machine (EVM) compatibility represents a major evolution for XRP Ledger, effectively paving the way for expanded smart contract capabilities. It strengthens the blockchain’s infrastructure, making it more appealing to a tech-savvy audience that demands both innovation and interoperability.

With momentum building across technical upgrades, strategic endorsements, and market interest, XRP Ledger appears to be transitioning into a prominent player in decentralized asset exchange and tokenized finance. The impressive growth in DEX volume is not just a statistical anomaly; it’s a reflection of broad-based enthusiasm among users, developers, and institutional players alike.

Related: Expert Advice: Sell XRP If You’re Confused

As the world of decentralized finance continues to evolve, XRPL’s growth trajectory underscores its relevance and increasing role in shaping the future of blockchain-powered financial ecosystems.