Ripple’s XRP Revenue Soars to $717 Million in Q4


Alex Dovbnya

Ripple’s XRP Revenue Increased 46% in the Fourth Quarter

According to the company’s recently published Q4 report, Ripple’s XRP revenue is up 46% in the quarter.

Notably, revenue attributed to “On-Demand Liquidity” (ODL) customers exceeded $1 billion in the fourth quarter. This underlines the growth of the company’s payment solution.

Ripple says it is seeing increasing global demand for the ODL product, which now has 20 payout markets.

It also bought $321.97 million worth of XRP on the secondary market.

In total, Ripple sold a total of $717 million in the fourth quarter, compared to $491.74 million in the third quarter.

The company has not conducted any programmatic sales since Q4 2019, meaning it has not sold XRP tokens to exchanges in Q4.

As reported by U.Today, Ripple CEO Brad Garlinghouse recently said his company was in the strongest financial position to date with $1 billion in the bank. After share buybacks, the San Francisco-based distributed ledger provider has secured a valuation of $15 billion.

Related

Brad Garlinghouse predicts Ripple will go public

The report also says XRP’s global trading volume is down 11.8% (from $2.075 billion to $1.83 billion in the fourth quarter of 2021).

Ripple’s revenue in the previous quarter accounted for 0.43% of total trading volume.

Leave a Reply

Your email address will not be published.