XRP, the sixth largest cryptocurrency by market capitalization, has seen an impressive rise in its trading volumes, reporting a spike of 92% according to CoinMarketCap. As volatility increases in the broader markets, an accompanying jump in trading volumes typically signals investor positioning. At the start of May, XRP had decreased 3.08% over the 24 hours to $0.463. During the first quarter of 2023, XRP market volumes rose 46% compared to the previous quarter, likely due to recovering markets as well as unpredictable events that have been known to display sudden increases in volumes. Additionally, XRP's Decentralized Exchange (DEX) reported 34% growth in volumes reaching $115 million, as reported in a Ripple Q1 report.

Ripple has also followed through with its monthly XRP distribution strategy and has unlocked 1 billion XRP worth $469.6 million from escrow which began in December 2017. XRPL Labs have launched a browser-based DEX accessing the native XRPL DEX, as the first desktop trading solution offered by the creators of Xumm, a noncustodial XRPL wallet. The web DEX will allow worldwide users to access the XRPL DEX in a secure and efficient manner, and provide users with access to the applications that Xumm has to offer. Fans of the new DEX interface will have to wait until May when Unhosted.exchange ends their early access period and the new interface launches globally.



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