According to the company’s recently released Q4 report, Ripple’s XRP sales saw a 46% increase over the previous quarter.
Specifically, sales to on-demand liquidity (ODL) customers exceeded $1 billion in the fourth quarter. This underscores the growth of the company’s payment solution.
Ripple says it continues to see greater global demand for its ODL product, which currently has 20 payment markets.
It also bought $321.97 million worth of XRP on the secondary market.
Overall, Ripple sold a total of $717 million in the fourth quarter, compared to $491.74 million in the third quarter.
The company has not had any programmatic sales since the fourth quarter of 2019, meaning that it did not sell any XRP on exchanges in the fourth quarter.
Ripple CEO Brad Garlinghouse recently said that with $1 billion in the bank, his company is in its strongest financial position yet. After a share buyback, the San Francisco-based distributed ledger provider achieved a valuation of $15 billion.
The report also notes that XRP global trading volume has decreased by 11.8% (from $2.075 billion to $1.83 billion in Q4 2021).
Ripple sales accounted for 0.43% of total trading volume in the most recent quarter.
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