Messari released the performance of XRP Ledge in the first quarter of 2024, with the following 5 highlights:
1. Due to the popularity of inscriptions, payment volume increased by 350% month-on-month to 2 million transactions per day. The activity started at the end of the fourth quarter and cooled down at the end of the first quarter;
2. AMM went online at the end of this quarter, and DEX trading volume on CLOB increased by 41% month-on-month;
3. Announced the launch of a stablecoin pegged to the US dollar, which will be launched on XRPL and Ethereum, using XRPL native functions and ERC-20 token standards respectively. New features such as the call-back function help asset issuers remain compliant;
4. Axelar bridge integration and new stablecoins can serve as liquidity catalysts for tokenized assets that are about to be launched by new AMMs and RWA projects such as Zioniqx;
5. Rippled 2.0 was released in January. It proposed amendments for a cross-chain bridge (XLS-38), DID (XLS-40), and two other amendments for community voting.