All Time High
$200 Million in 7 Days: Ripple's New Stablecoin Outpaces Rivals in Weekly DeFi Volume
Institutional stablecoin Ripple USD (RLUSD) has topped the global chart of short-term growth in the DeFi sector. Over the past seven days, its trading volume on decentralized exchanges (DEX) increased by $199.4 million. The asset outpaced its closest pursuer, the USDG token, by more than a twofold margin, as the latter recorded a weekly inflow of only $97.6 million. The new token took 8th place in the global stablecoin ranking with a net capitalization of $2,401,976,892, establishing an absolute monopoly in the XRP Ledger registry, taking over more than 92% of all.