XRP Surges Post-Election: Trading Volume, On-Chain Activity Skyrocket

XRP Trading Volume Surges Post-Election as On-Chain Activity and Automated Market Maker Swaps Surge

XRP, the native cryptocurrency of the XRP Ledger (XRPL), has witnessed a significant surge in trading volume following the U.S. presidential election, with on-chain activity and automated market maker (AMM) swaps also surging. According to Ripple's Q4 2024 XRP Markets report, the last financial quarter marked a critical shift for XRP, as increased adoption and market confidence drove its performance to new highs.

Transaction count on the XRP Ledger (XRPL) saw a slight 2.86% decline to 167 million in Q4 2024. However, overall engagement on the network surged, with the Automated Market Maker (AMM) feature introduced in March seeing a massive surge in swap volume, jumping from $31.23 million in Q3 to $774.15 million in Q4. This increase significantly boosted trading on the XRPL DEX, which expanded from $63.4 million to $1 billion. Overall, AMM swaps accounted for 77% of total transactions, highlighting their growing influence on the network.

Network adoption also grew to record highs for XRPL. New wallet registrations surged from 140,000 in Q3 to 709,000 in Q4, reflecting a sharp rise in user participation. Since Trump's election victory, XRP's average closing price jumped from $0.55 to $1.43, hitting a peak of $2.80 by the end of December 2024. This rally led to higher transaction fees and token burns, with XRP burned increasing from 592,000 to 724,000 in Q4.

Ripple credited this growth to rising XRP prices and the increasing traction of First Ledger, a meme coin launchpad. According to the firm, XRP's 280% surge in Q4 marked a critical recovery for the asset, which had been weighed down by the SEC's prolonged legal battle.

Ripple pointed out that XRP's momentum accelerated following the November US presidential election, where pro-c