2024

RippleX has recently introduced the latest awards of the XRPL Grants where 7 projects were selected to be funded. This wave has an array of shape creators with a distinct vision to contribute to the XRP Ledger or XRPL.&nbsp; 
The XRPL Grants program is one of the ways Ripple is actively contributing to the XRPL ecosystem to democratize financial solutions for developers worldwide. 
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 (1/9) XRPL Grants Wave 7 Awardees just dropped and we’re excited to highlight some amazing projects building on the <a href="https://twitter.com/hashtag/XRPLedger?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#XRPLedger</a>! Get to know Wave 7 Awardees below:<a href="https://t.co/ZotFclaviP" target="_blank">https://t.co/ZotFclaviP</a>— RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1792897089690608114?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 21, 2024</a>
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The Wave 7 cohort received 132 applications from different parts of the globe embracing the XRP Ledger. Out of 90 applications, 7 programs from seven countries and four continents were selected totaling an investment of $700,000.&nbsp; 
The receiver end comprises various uses in the financial sector, such as decentralized finance (DeFi), payment systems, real-world asset (RWA) tokenization, NFTs, and identity verification. 
By Q1 of 2024, the XRP Ledger <a href="https://www.cryptotimes.io/2024/05/19/xrp-ledger-transactions-soar-108-in-q1-2024/" target="_blank" rel="noreferrer noopener">recorded </a>a great surge of on-chain transactional throughput, reaching 251. 39 million ostentatious transactional androids, a 108% growth in Android users as measured by transactional activity compared to the prior quarter.&nbsp; 
Notably, average transaction fees are reduced by 45% to $ 0. 000856 meaning that the networks’ congestion levels are very much reduced and it is functioning at their optimum level. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/19/xrp-ledger-transactions-soar-108-in-q1-2024/" target="_blank" rel="noreferrer noopener">XRP Ledger Transactions Soar 108% in Q1 2024</a> 
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XRPL Grants Wave 7: Funding 7 Projects, Boosting XRPL Ecosystem

The Crypto Times

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