What to Know:
- XRP Ledger (XRPL) is approaching its 100 millionth ledger, showcasing its durability since its 2012 launch.
- The XRPL is experiencing increased momentum with Real World Asset (RWA) and stablecoin issuance reaching all-time highs.
- Ripple’s stablecoin, RLUSD, has exceeded $1 billion in combined market capitalization on XRPL and Ethereum.
The XRP Ledger is on the verge of a significant milestone, set to hit 100 million ledgers, highlighting its enduring presence in the crypto space. Launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, the XRPL sought to improve upon Bitcoin’s model for value transfer. This achievement underscores the network’s robustness and sustained activity over more than a decade.
The XRP Ledger is gaining traction in the realm of Real World Assets, marking a new high in market capitalization. A recent report indicated a 215% quarterly increase in RWA market cap, driven by the issuance of assets like Ondo’s OUSG tokenized treasury fund and tokenized real estate. This surge reflects growing interest in leveraging blockchain for traditional asset classes.
Ripple’s stablecoin, RLUSD, has quickly gained adoption, surpassing $1 billion in combined market cap across the XRPL and Ethereum. This milestone, achieved in under a year, demonstrates the increasing utility and demand for stablecoins within the Ripple ecosystem. The growth of RLUSD supports broader adoption and liquidity within the XRP Ledger.
Recent updates to the Smart Escrow Devnet, now in its seventh release, are currently undergoing review and testing. These advancements aim to introduce native smart contracts, enhancing the network’s programmability. The continuous development and upgrades to the XRPL highlight Ripple’s commitment to innovation and expanding the network’s capabilities.
As the XRP Ledger approaches its 100 millionth ledger, it signifies not just a number, but a testament to its resilience and ongoing development. With increasing adoption of RWAs and stablecoins, the XRPL is positioning itself as a key player in the evolving landscape of digital finance.
Source: Original article
