XRP Sees Growing Institutional Interest and Network Activity
The numbers behind XRP tell an interesting story right now. XRP-focused investment products are managing around $1.1 billion in assets, with over 800 million coins currently held in custody. Daily trading volume on these products recently reached $52 million.
On the network side, adoption continues. A Tokyo-based fintech company has launched a trade finance platform on the XRP Ledger. They're using it to settle transactions instantly, and this move happened without direct involvement from Ripple.
Worth paying attention when network usage grows while prices stay flat. Sometimes the quiet periods are when the foundation gets built.