• Ripple said its sales of XRP slowed in its latest Q4 market report.
• The firm said it launched the EVM sidechain to put DeFi applications like Uniswap on XRPL.

Blockchain payments firm, Ripple Labs Inc has published its Q4 2022 XRP Markets Report detailing the trend in the broader digital currency ecosystem in the wake of current realities. According to the report shared by the firm, it recorded a number of significant milestones including the launch of its On-Demand Liquidity (ODL) in France, Sweden, and Africa.

The Q4 2022 XRP Markets Report is now live–detailing ebbs and flows in the broader crypto market to a ramp up in regulatory actions, as well as significant XRPL technical developments including XLS-20 going live on Mainnet, and the EVM sidechain on Devnet.https://t.co/mxpJAHfZTf

— Ripple (@Ripple) January 30, 2023

Ripple revealed that its sales of XRP coin, net of purchases, came in at $226.31 million in the fourth quarter as against the $310.68 million recorded in the previous quarter. The company noted that the plunge in sales stems from the negative outlook fueled by the collapse of the FTX Derivatives Exchange.

While Ripple highlighted how it took the hit, the firm noted a bigger impact for companies operating in the ecosystem. One major impact was the loss of trust in centralized exchanges, a trend that saw many move their funds away from these trading venues….