Ripple recently published its Q4 2021 XRP Markets report and highlighted a significant jump in total XRP sales by the company.
An enormous jump was reported in ODL-related sales as the figure breached the level of $1,039 million, which is substantially higher compared to $491 million in the third quarter of 2021.
In terms of network activity, Ripple reported a dramatic rise in the last quarter with more than 130 million transactions on the XRP Ledger.
“Ripple has been a buyer of XRP in the secondary market and expects to continue to undertake purchases in the future at market prices as ODL continues to gain global momentum.
“In December, Xange.com announced it will develop a carbon credit solution on the XRPL given its performance, scalability, and inherently green attributes.
In the last 12 months, Ripple’s products and services witnessed immense demand from financial institutions around the world.
For the fourth quarter of 2021, the blockchain firm reported overall sales of $717.07 million, compared to $491.74 million during Q3 2021.
The company noted that all the ODL-related sales are attributed to the growth and adoption of on-demand liquidity.
According to the company, XRP Ledger was built with sustainability in mind.
Total sales by Ripple, net of purchases, ended the quarter at 43 bps of global XRP volume according to CryptoCompare TopTier volumes,” Ripple said.
The XRP Ledger was built with sustainability in mind and is one of the first major carbon-neutral blockchains,” the company added.
Be it cross-border payment infrastructure or CBDC-related solutions, the company partnered with some of the leading names in the global financial services industry during the past year.