Gate News Bot Message, January 29th, according to CoinMarketCap data, as of press time, XRP (XRP Ledger) is trading at $1.87, down 1.38% in the past 24 hours, with a high of $1.96 and a low of $1.81. The 24-hour trading volume reached $2.387 billion. The current market capitalization is approximately $113.999 billion, ranking 5th globally.
XRP Ledger is a decentralized public chain born for commercial applications, driven by a global community of enterprises and developers, dedicated to solving real-world problems and creating value. The chain has operated error-free for over ten years, with more than 63 million ledgers fully validated, demonstrating its stability. XRP Ledger has multiple advantages: it adopts an open-source decentralized architecture accessible to all developers; provides streamlined development tools and documentation to shorten product launch cycles; each transaction costs only a few tenths of a cent, with transaction performance reaching several thousand settlements per second; it features built-in high-performance decentralized exchanges, cross-chain payments, payment channels, multi-signature capabilities, and other functionalities; it boasts a strong community ecosystem including enterprises, developers, validator nodes, and users. Additionally, active development is underway for new features such as smart contract functions (Hooks) and automated market makers (AMM).