$ETH CEO: XRP DEX recorded a daily volume of 17 million dollars

The decentralized exchange of XRP Ledger has seen a total of more than one billion dollars in trading volume since its launch in 2024, according to Ripple's CEO.

The native decentralized exchange (DEX) of XRP Ledger achieved a trading volume of 400 million dollars in January, with an average of approximately 17 million dollars per day, said Ripple's CEO, Brad Garlinghouse, on January 28.

The DEX moved over one billion dollars in cryptocurrency trades since its launch in 2024, he said during a discussion on the X platform as part of XRP Community Day.

Its rapid growth is one of several reasons “why 2024 will undoubtedly be one of the most monumental years for Ripple,” Garlinghouse continued.

Other factors include the “promising start” for Ripple's US dollar-backed stablecoin, RLUSD, and several applications for XRP exchange-traded funds (ETFs), according to Garlinghouse.