- Ripple’s CEO Brad Garlinghouse has called 2024 a “monumental” year for the company
- The XRP Ledger decentralized exchange has surpassed $1 billion in crypto swaps since its launch last year
- Ripple has also seen “promising” adoption of its RLUSD stablecoin, according to the CEO
Ripple CEO Brad Garlinghouse has declared 2024 a “monumental” year for the company, citing major milestones in both decentralized finance (DeFi) and regulatory developments. The XRP Ledger’s decentralized exchange (DEX) has processed over $1 billion in crypto swaps since its launch last year, with daily trading volumes now exceeding $17 million. At the same time, Ripple’s new stablecoin, RLUSD, has gained early traction, positioning the company for further expansion in the digital asset space.
Garlinghouse Praises Ripple DEX
Speaking through X on XRP Community Day, Garlinghouse reflected positively on the company’s progress:
2024 has been a truly monumental year for Ripple. The growth of the XRP Ledger’s DEX and the launch of RLUSD mark critical steps toward a more efficient and decentralized financial ecosystem.
Ripple’s DEX has seen rapid adoption, with over $400 million in crypto swaps processed in January alone. The increasing trading volume highlights the growing demand for decentralized financial tools integrated into blockchain networks.
In addition to the success of its DEX, Ripple last year introduced RLUSD, a stablecoin pegged to the U.S. dollar. Garlinghouse described the adoption of RLUSD as “early but promising,” emphasizing Ripple’s ambition to strengthen its role in digital payments.
Regulatory Tailwinds Could Boost Ripple
Beyond technological advancements, Ripple is also watching the regulatory landscape closely. The outcome of the 2024 U.S. presidential election has already proved beneficial for the crypto industry, with Garlinghouse noting that a pro-crypto administration could bring more favorable policies, potentially accelerating institutional adoption. “Whatever you think about Trump’s politics, his stance on crypto is certainly profound,” the CEO noted.
With major developments in DeFi, stablecoin adoption, and potential regulatory shifts, Ripple’s trajectory in 2024 sets the stage for continued innovation and expansion in 2025, reflected in the performance of its token; XRP has put on 64% in value this year.