Vet Says XRP Bridged 11,009 Trades on the XRP Ledger in One Week

Vet said 11,009 decentralized exchange trades on the XRP Ledger routed through XRP during the preceding week, adding a weekly measure of token-market activity on the network.

Vet’s Oct. 26 post put the amount routed through those swaps at 246,000 XRP. He named RLUSD, Fuzzy, Bchamp, XAH, Army and LHT among the tokens involved.

The XRP Ledger’s decentralized exchange supports markets between XRP and issued tokens, as well as swaps between issued tokens. Its auto-bridging feature can route a token swap through XRP when that path offers a better exchange than a direct trade. XRP can serve as an intermediate asset even when it is not one of the two tokens being exchanged.

The 246,000 XRP figure describes the amount Vet said was routed through swaps. It does not establish that traders bought a net 246,000 XRP or that the activity created new demand for the asset. The tally also does not show how many individual traders took part.

The count adds a weekly measure to Vet’s earlier comments on XRP’s role beyond its market price, which included routing some trades on the ledger.