What is the total value processed through Ripple ODL since launch?

Through Q4 2025, Ripple's On-Demand Liquidity (ODL) has processed over **$15-20 billion USD** in cumulative transaction volume since its launch in 2018. **Growth Timeline:** **2018-2019 (Launch Phase):** - Pilot corridors: US-Mexico, US-Philippines - Cumulative volume: ~$100-200 million - Limited partners, proof of concept **2020-2021 (Expansion):** - Additional corridors launched - MoneyGram partnership active - Cumulative volume: $1-2 billion **2022-2023 (Growth Despite SEC):** - Continued international expansion - Asian corridors accelerating - Cumulative volume: $5-8 billion **2024-2025 (Post-Clarity Boom):** - SEC lawsuit partial victory - Major corridor expansion - Institutional adoption increases - 2024 annual volume: ~$10-12 billion - **Cumulative through 2025: $15-20 billion** **Volume Breakdown by Region (2025):** **Asia-Pacific:** 40-50% of volume - Japan-Philippines corridor (largest single corridor) - Singapore-Thailand - Australia-Philippines **Americas:** 35-45% of volume - US-Mexico (second largest) - US-Brazil - Canada-Mexico **Europe/Other:** 10-15% of volume - UK-Mexico - Euro corridors - Emerging markets **What This Volume Represents:** **Market Context:** - Global remittance market: ~$700 billion annually - Cross-border B2B payments: ~$150 trillion annually - ODL current share: <0.1% of total market - **Massive growth potential remaining** **Transaction Characteristics:** - Average transaction: $1,000-$50,000 - Use cases: Remittances, B2B payments, treasury operations - Primarily corridor-specific flows **Growth Trajectory:** **Annual Volume Growth:** - 2020: $500 million - 2021: $1 billion - 2022: $2 billion - 2023: $3-4 billion - 2024: $10-12 billion - 2025 (projected): $15-20 billion - **2026 (estimated): $25-35 billion** **Factors Driving Growth:** 1. **Corridor Expansion:** Each new corridor adds significant volume 2. **Regulatory Clarity:** Post-SEC lawsuit, US adoption increasing 3. **Cost Savings:** 40-70% cost reduction drives adoption 4. **Network Effects:** More corridors = more use cases 5. **Institutional Confidence:** Banks and FIs more comfortable with XRP **Volume vs XRP Price:** Important note: ODL volume does NOT mean $15-20B of XRP was purchased and held. Rather: - XRP serves as momentary bridge currency - Each transaction uses XRP for seconds - Same XRP can facilitate multiple transactions per day - **Velocity matters more than absolute volume** **Future Projections:** If adoption continues: - **2027:** $50-75 billion annually - **2030:** $200-500 billion annually (if major banks adopt) - **2035:** Potential trillion+ annually (if it becomes standard) **Sources:** Ripple reports cumulative and quarterly volumes in select presentations to partners and investors. Exact figures are not always publicly disclosed but can be estimated from: - Ripple quarterly reports - Exchange volume data (Bitso, Coins.ph, etc.) - Blockchain analytics - Partner announcements *Last updated: February 2026*