$XRP

XRP, the digital asset associated with Ripple Labs, has seen significant activity recently. Notably, Coinbase reported that XRP trading generated more revenue for them than both Ethereum and Solana in the last quarter, even after its relisting in July 2023 following a suspension period. This highlights the ongoing interest and trading volume surrounding XRP.

In a separate development, the U.S. Securities and Exchange Commission (SEC) and Ripple jointly proposed a settlement agreement, aimed at resolving their long-standing legal dispute. The proposed settlement includes a request to lift the ban on Ripple and release the funds held in escrow, with a portion allocated to the Securities and Exchange Commission. This development has brought optimism to the XRP market, as its price has shown resilience.

Furthermore, on-chain data indicates increased interest from large investors, with a rise in XRP holdings by large entities. Amid these events, Ondo Finance announced plans to launch a U.S. dollar treasury fund on the XRP Ledger, showcasing the potential for institutional adoption and expansion of the XRP ecosystem.