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XRP increased its market capitalization 246%in the fourth quarter of 2024, and the value per unit reached $ 3.16. Ripple has launched RLUSD, a stable coin that supports US dollar deposits with monthly audits, and has already been adopted on platforms such as Uphold, Bits and MoonPay. The XRPL has increased the new address by 382%, reduced account creation costs, significantly growing in the Defi market.
Ripple has been moving forward to the goal of improving infrastructure and blockchain networks. In the fourth quarter of 2024, XRP grew strongly, achieved a total market capitalization of 246%, and was able to exceed other cryptocurrencies such as Bitcoin and Ethereum. The price of XRP has risen 241%, reaching $ 3.16 per unit.
One of the most relevant developments for Ripple was the launch of RLUSD, a stable coin that supports US dollar deposits. This stable coin aims to provide a more transparent model with a monthly audit by a third party. Since its introduction in December 2024, it has been adopted on platforms such as Uphold, Bitso, and MoonPay.
Sudden increase in XRPL network registration
Regarding the adoption of the XRPL network, the numbers also show positive results. The number of new addresses has increased by 382%, indicating a significant increase in user -based. In addition, the cost of creating an account on the network has been reduced, making it easier to acquire new users. This growth is also reflected in the increase in transactions in markets, especially in Central Limited Order Book (Clob) and automatic market manufacturers (AMM).
Ripple also extends the XRPL function by integrating new technologies. In September, the network started to implement the native smart contract, an update that could enhance functions. In addition, the introduction of hooks and side chains will improve network flexibility and expandability in the future.
Success in the Defi market
In the Defi market, XRPL continues to expand. In the previous quarter, several projects token into the real assets on the network, and the EURCV Stable Coin will be integrated in 2025. These markets also showed great growth, with the market capitalization of alternative tokens increased by 176%.
Ripple’s network increased the number of nodes and validata and improved infrastructure. There was a small problem that some nodes had temporary downtime, but the problem was solved by the software update.