XRPL DEX Volume & Stats
Live trading volume, platform rankings, and ecosystem metrics from SourceTag analytics. Updated hourly.
7-Day Overview
Buy vs Sell Pressure
Buy and sell volume is tracked via SourceTag attribution. A healthy market typically shows roughly balanced buy and sell pressure.
Top Platforms by Volume
| # | Platform | 7d Volume |
|---|---|---|
| 1 | Magnetic | $594.5K |
| 2 | Bidds | $298.1K |
| 3 | First Ledger | $257.4K |
| 4 | xpmarket | $83.2K |
| 5 | Horizon | $79.9K |
| 6 | Sologenic Wallet | $69.1K |
| 7 | Anodos | $59.9K |
| 8 | HBot | $22.1K |
| 9 | Coinbase | $20.3K |
| 10 | Ripple | $20.3K |
Full rankings on the Platform Stats page.
What Is SourceTag?
SourceTag is a native XRPL transaction field where dApps embed a numeric identifier. For example, XRPL.to uses 161803, Magnetic uses 10011010, and First Ledger uses 74920348. This allows precise attribution of every trade to its originating platform without relying on smart contract addresses.
Not all volume is attributed. Trades placed directly via the XRPL API, through wallets like Xaman that do not use SourceTags, or by arbitrage bots show up as "open ledger" volume. This unattributed volume is real trading activity, just not linked to a specific frontend.
How to Read the Data
- Volume - total XRP value of trades, converted to USD using the current XRP price ($1.33)
- UAW (Unique Active Wallets) - distinct wallet addresses that traded in the period. Higher UAW indicates broader participation
- Platforms - number of dApps with registered SourceTags that had activity
- Trades - total number of DEX transactions (OfferCreate, AMMDeposit, AMMWithdraw, etc.)