Value counted in tracked DeFi protocols.
XRP Ledger / 06
Observatory
See what is happening beneath the surface.
The economy, in view
Look beneath
the beautiful surface.
Explore the ledger, then see a few signals of economic activity. Each metric tells a different story.
Circulating dollar-pegged stablecoin value.
Trading volume on tracked decentralized exchanges.
Loading data from DefiLlama… No value is shown as zero when data is missing.
The public ledger
Follow a transaction.
Explore an address.
Read XRP Ledger through XRPL Explorer. Your search opens the explorer; no wallet connection is needed.
The explorer confirms whether the record exists.
Open XRPL ExplorerStablecoins are assets. Liquidity is a market condition.
A large stablecoin supply does not guarantee you can trade a specific asset at a good price. Liquidity depends on the pair, market depth, trade size, and current quotes. TVL, trading volume, and network value also measure different things.
Understand assets & stablecoins