Ripple is a cryptocurrency firm that has been on the radar of United States regulators for years and its native token XRP has suffered greatly for it. However, despite the legal battle with the US Securities and Exchange Commission (SEC), Ripple has not backed down and it looks like investors are increasingly bullish on the cryptocurrency.
Ripple’s Q1 Report Exceeds Expectations
In a Q1 report that was posted by Ripple titled ‘Q1 2023 XRP Markets Report’, there has been tremendous growth for the firm in the first three months of 2023. The first thing that stands out from this report is that Ripple has been experiencing rapid adoption during this time period.
At a time when other cryptocurrencies were seeing a decline in new users and adoption, the crypto firm reports that over 114,000 new wallets were added in the first quarter of 2023. Furthermore, the number of transactions for this time period also crossed 116 million.
The decentralized exchange (DEX) volume for XRP also grew
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