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Ripple, the blockchain company, has disclosed in its latest XRP Markets Report that it has achieved remarkable sales growth. The report reveals that the company sold more than $361 million worth of XRP tokens during the first quarter of this year, which is a significant jump from the previous quarter's sales of $226.31 million.

Ripple is a global payment product company that has made significant strides in the development of cutting-edge payment solutions. One of its notable innovations is the decentralized XRP payment system, which operates separately from Ripple but serves as the backbone for its products. By leveraging the public blockchain of XRP and the currency itself, Ripple has been able to create a fast, efficient, and secure payment ecosystem for its users.

The sales reported by Ripple were linked to the company's on-demand liquidity product, a solution that enables customers to transfer money globally without requiring correspondent banking relationships. This innovative product has revolutionized the way people move money, offering a seamless and cost-effective alternative to traditional cross-border payment methods.

The XRP Ledger continued to exhibit robust on-chain activity, as evidenced by the impressive 34% increase in decentralized exchange volume from the previous quarter, reaching a total of $115 million. This surge in activity reflects the growing interest and adoption of XRP as a legitimate and trusted currency in the world of decentralized finance.

To meet the increasing demand for its on-demand liquidity business, Ripple has been sourcing XRP from the open market to ensure that there is enough supply available. According to the latest report, the total sales made by Ripple, after deducting purchases, accounted for only 0.44% of the global XRP volume by the end of the quarter. This demonstrates that the company is committed to responsible and sustainable growth, and is carefully managing the XRP market to ensure stability and liquidity.