Ripple, the Francisco based blockchain giant, has been recognized recently by the leading business magazine Inc. as one of the fastest-growing companies, currently listed at 123rd position on the extensive list of 5000 businesses.
According to data provided by the Inc XRP blockchain company, created in 2012, it has seen an astonishing percentage growth over the years, roughly around 3000%. Its RippleNet network, which works on connecting major financial institutions and big-name players, has also surpassed 300 in networking. In 2019, Ripple was valued at $10 Billion market cap, and right now, the evaluation of Ripple blockchain is around $14 billion, a $4 billion gain in a single year.
RippleNet owns 55 percent of the total XRP supply and it uses XRP token as a bridging currency for its ON-Demand Liquidity(ODL) product. Ripple CEO, Brad Garlinghouse has revealed that the ODL has increased almost 11 times in a year.