XRP spot volumes rose by 40% from Q4 2023, reaching $865 million in Q1 2024. The daily average XRP derivatives open interest also saw an increase, from $460 million in Q4 2023 to $500 million in Q1 2024.

On-chain transactions saw a 108% increase last quarter, reaching 251,397,881 from 121,031,713 in Q4 2023. As of March 31, 2024, Ripple held 4,836,166,156 XRP, whereas the total XRP subject to on-ledger escrow was 40,100,000.005.