Ripple News: XRP Trading Volume Hits $16B But On-Chain Metrics Fall

Monicah W

The post Ripple News: XRP Trading Volume Hits $16B But On-Chain Metrics Fall appeared first on Coinpedia Fintech News

XRP is witnessing a strong comeback in early 2025, with average daily spot trading volumes reaching $3.2 billion and spiking over $16 billion during peak periods in January and February. Despite this impressive momentum, concerns are rising over a sharp decline in on-chain activity — suggesting a growing disconnect between market hype and actual blockchain utility.

XRP Price and Trading Trends in Q1 2025

Source: Ripple Pundit X Post

Over the past year, XRP has delivered a stunning 298.8% gain, including a 26.9% jump in the last 30 days alone. Notably, between January 10 and 17, XRP surged by 44.89%, hitting a local peak of $3.4 on January 16. As of today, XRP is up 2.5%, trading around $2.14.

The spike in trading volume reflects strong interest from both institutions and retail traders. Investment products tied to XRP have also attracted $214 million year-to-date — a clear sign of growing investor confidence.

Growing Role of USD and Stablecoins

A post from Ripple Pundit highlights that fiat and stablecoin trades involving XRP rose from 25% to 29%, indicating increased interest in regulated, fiat-linked trading pairs.

But Network Fundamentals Are Weakening

Source: Ripple Pundit X Post

While market activity is strong, XRP’s on-chain metrics are deteriorating. XRP Ledger transactions have fallen 37.06%, while new wallet creation dropped over 40.28%. In addition, daily trading volume has declined by over 86% in the last six months, signaling possible short-term fatigue or profit-taking.

SEC Exit and ETF Hopes Keep Bulls Confident

Investor optimism remains buoyed by positive regulatory developments. The U.S. SEC has dropped its appeal against Ripple, opening the door for a possible settlement. Meanwhile, speculation is building around a potential XRP Spot ETF approval in the near future — a move that could fuel another major rally in 2025.

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Telegram’s TON-Based Crypto Wallet Introduces New Features for Multi-Asset Trading

In a major development for the Crypto Trading and Web3 ecosystem embedded in top messaging apps, Telegram has introduced new features to its TON-based crypto wallet, enabling seamless multi-asset trading within the app.

The upgrade is set to enhance accessibility and usability for Telegram’s massive global user base, further positioning the platform as a key player in the crypto space.

Key Features of the Telegram’s Crypto Wallet Update

According to the latest announcement, the new wallet upgrade includes:

  • Multi-Asset Trading: Users can now trade various cryptocurrencies directly through the Telegram wallet, streamlining transactions within the app. Aiming to bring more tokens soon, it will allow users to trade hundreds of crypto coins, including ETH, XRP, DOGE, and PEPE, using USDT or TON and build portfolio — all via its wallet.
  • Seamless Swaps: The wallet supports instant swaps between supported assets, ensuring fast and low-cost transactions.
  • Introduces Wallet Earn: Making it a permanent feature of Telegram’s Crypto Wallet, with the first campaign for TON holders already live. This feature will allow users to start earning long-term rewards, with daily earnings automatically added to their balance. They can withdraw or add funds anytime with zero fees.  It says that while the average yield is 4%, it will vary based on validators’ reward. 
  • User-Friendly Interface: A refined UI design makes trading and asset management more intuitive, catering to both novice and experienced users.

Embracing Crypto Trading in Messaging Apps

Telegram first introduced its official TON-based crypto wallet in September 2023, allowing users to send and store digital assets directly within the app. Since then, the wallet has seen continuous enhancements, with the latest upgrade offering multi-asset trading support.

This feature enables users to trade different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Toncoin (TON), without needing to leave the Telegram ecosystem.

The integration of multi-asset trading aligns with Telegram’s broader push to bring decentralized finance (DeFi) tools to mainstream users. By simplifying crypto transactions and trading, Telegram aims to lower the barrier to entry for millions of users unfamiliar with traditional crypto exchanges.

Industry experts suggest that the new features could challenge traditional exchanges and DeFi platforms by providing a more accessible and integrated trading experience. “Telegram’s move to enable multi-asset trading within its wallet is a game-changer. It reduces the need for external crypto exchanges and simplifies access to digital assets,” said a blockchain analyst from Coingape.

What’s Next for Telegram’s Crypto Wallet?

Telegram has hinted at further enhancements in the pipeline, including support for more cryptocurrencies, DeFi integrations, and staking options. The company is also reportedly exploring ways to integrate its wallet with other Web3 applications, further solidifying its position in the crypto industry.

As competition in the blockchain space intensifies, Telegram’s move to expand its TON-based wallet with multi-asset trading positions it as a formidable player in the digital asset ecosystem. Whether this innovation will disrupt traditional crypto exchanges remains to be seen, but one thing is clear: Telegram is determined to push the boundaries of mainstream crypto adoption.

The post Telegram’s TON-Based Crypto Wallet Introduces New Features for Multi-Asset Trading appeared first on CoinGape.

Will Cardano Price Respond With Rally as $20M ADA Leaves Exchanges?

Will Cardano Price Respond With Rally as 20M ADA Leaves Exchanges?

Cardano price eyes a massive bull run amid a looming supply squeeze after more than $20M ADA tokens exited exchanges in the last seven days. Meanwhile, analysts expect that Cardano will register a 100% rally and reach $1.46 in the coming months.

ADA value today stands at $0.71 with a 1.3% dip. Data from CoinMarketCap also shows that Cardano trading volumes have topped $902M highlighting high market interest.

Cardano Price Eyes Rally as $20M ADA Exits Exchanges

Cardano price is on the verge of a massive rally after more than $20M ADA tokens left exchanges recently. Data from Coinglass indicates that in the last seven days, traders have been moving ADA from top exchanges like Binance and OKX, which signals a lack of intent to sell.

Will Cardano Price Respond With Rally as 20M ADA Leaves Exchanges?
ADA Exchange Outflows

As exchange withdrawals surge and reduce the supply that is available in the market, it might create a squeeze whereby a surge in demand will force the Cardano price to rally. Therefore, it is likely that this top altcoin could soar to as high as $1 in the near term.

Trader Justin Qu on X has also shared a bullish Cardano price forecast, suggesting that the price of this altcoin will soon skyrocket to new multi-month highs. In his analysis, Justin stated that ADA had broken out of a descending wedge pattern on the daily timeframe, which is a classic sign of an upcoming bull run.

If ADA continues to defend support at the upper trendline of this wedge pattern, it might kickstart a strong rally towards the first resistance level at $1.24. Breaking this level will then set the stage for a rally to $1.46.

Will Cardano Price Respond With Rally as 20M ADA Leaves Exchanges?
Cardano price chart

Hence, going by the surging outflows from cryptocurrency exchanges and the bullish forecasts shared by analysts on Cardano, this altcoin is likely on the verge of a major bullish breakout. Moreover, a recent Coingape article reported that the Cardano price may hit $2.70 after another bull market signal emerged.

Cardano Blockchain Activity Soars

Besides the positive exchange data and technical outlook, blockchain activity also suggests that Cardano price might be eyeing a rally to a new high. Data from DeFiLlama shows that at press time, Cardano’s Total Value Locked (TVL) had ballooned to $442M, marking the highest level in nearly a month.

The other network metric that has also recorded an uptick is DEX volumes. At press time, Cardano’s DEX volumes stood at $3.87M, which is also a significant uptick in the last 24 hours.

Will Cardano Price Respond With Rally as 20M ADA Leaves Exchanges?
DeFiLlama

As the network activity continues to grow, it is possible that Cardano price attains the $1.46 target shared by analysts. However, for this price to be attained, this altcoin needs to record a surge in buying pressure, which might happen amid the ongoing growth in network activity.

The post Will Cardano Price Respond With Rally as $20M ADA Leaves Exchanges? appeared first on CoinGape.

Circle’s USDC Becomes First Stablecoin Approved for Use in Japan

Circle’s USDC (USDC) has become the first and only stablecoin officially approved for use in Japan’s regulated financial market. This marks a significant step toward mainstream adoption of the stablecoin in one of Asia’s largest economies.

This move follows shortly after the Philippines’ leading digital wallet, GCash, added support for the dollar-backed coin.

SBI Holdings and Circle Bring USDC to Japan

In the latest press release, the company revealed a strategic joint venture with SBI Holdings, a major Japanese financial conglomerate. The partnership will see SBI VC Trade, a cryptocurrency exchange under SBI Holdings, launch USDC trading on March 26, 2025. 

Other prominent exchanges, including Binance Japan, Bitbank, and BitFlyer, are set to follow suit, further expanding USDC’s reach in the region. The approval comes after SBI VC Trade secured regulatory clearance from the Japan Financial Services Agency (JFSA) on March 4, 2025.

Circle’s expansion into Japan through its local entity, Circle Japan KK, signals growing institutional confidence in USDC’s reliability and utility. By integrating USDC into Japan’s digital finance ecosystem, Circle aims to provide secure solutions for payments, settlements, and treasury operations, potentially setting a precedent for stablecoin adoption globally.

Jeremy Allaire, Co-founder and CEO of Circle, celebrated the achievement in a statement on X (formerly Twitter).

“We have spent 2+ years engaging with Japan’s regulators, major industry players, strategic partners, banking partners, and others to enable USDC for the Japanese market, which unlocks tremendous opportunities not just in trading digital assets but more broadly in payments, cross-border finance and commerce, FX and more,” Allaire stated.

The launch highlights Japan’s forward-thinking approach to blockchain technology and digital finance. The country has been at the forefront of Web3 adoption, with clear regulations on stablecoins already in place.

Yoshitaka Kitao, President and CEO of SBI Holdings, stressed that Circle’s entry into Japan will enhance financial accessibility and drive innovation in the digital economy.

“We believe this initiative will enhance financial accessibility and drive digital asset innovation, aligning with our broader vision for the future of payments and blockchain-based finance in Japan,” Kitao said.

This development comes as USDC continues to experience significant global growth. According to Circle’s 2025 report, the stablecoin’s monthly trading volume hit $1 trillion in November 2024. Moreover, its all-time trading volume surpassed $18 trillion. 

That’s not all. USDC’s circulation grew by 78% year-over-year. The report also shed lights on USDC’s expanded accessibility to more than 500 million user wallets worldwide. Circle expects this growth to continue in 2025. 

“Beyond the US dollar’s preeminent role in trade, payments, and global finance, three factors are poised to accelerate the adoption and utility of USDC. First, legal and regulatory clarity; second, the scalability of new blockchain networks; and third, superior UX,” the report added.

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