Ripple's ODL $XRP sales almost hit $3 billion in Q4, with net sales worth $226 million ripplesec ripplexrp xrp xrparmy xrpcommunity ripple
its fourth quarter 2022 results. Ripple's report included not only key metrics describing the company's direct operations, but also a performance review of XRPL, the decentralized blockchain ecosystem used by the company.sales through On-Demand Liquidity corridors was $2.96 billion, of which $2.74 billion were redeemed back, and of them, $2.1 billion were deposited back into escrow accounts. Thus, net XRP sales were $226.31 million, down 27.
15% from the third quarter of 2022.Despite a drop of more than a quarter in net sales, total XRP sales through ODL increased by 5.12%. As noted in the report, this is primarily due to growth in demand and technology adoption, as well as expansion into the French, Swedish and African markets through new partnerships.As for XRPL's on-chain activity, there was a year-on-year decline in the number of transactions, but a quarter-on-quarter increase.
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