Through the use of blockchain and modern APIs, Ripple enables financial institutions who are part of the network, RippleNet, to send money globally, instantly, reliably and for fractions of a penny. RippleNet is built on top of Ripple’s consensus ledger, XRP Ledger (XRPL).

Ripple is the leading provider of crypto-enabled solutions for businesses. Ripple was founded by Chris Larsen and Jed McCaleb and launched in 2012 (previously OpenCoin).

XRP tokenholders own and govern Ripple's consensus ledger 'XRP Ledger' (XRPL). Ripple's investors include a16z, Pantera Capital, Route 66 Ventures, etc.

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XRP Ledger

# XRP Ledger Total value locked Methodology

## 1. Overview

Total value locked measures the total USD value of assets deposited in XRP Ledger's automated market maker pools. TVL is calculated from end-of-day reserve snapshots across all XRPL AMM pools, excluding a set of denylisted pools that exhibit extreme price-reserve imbalances. This metric serves as a leading indicator for liquidity depth and potential trading activity within the XRPL AMM product.

## 2. Data sources

- **Blockchain data**: End-of-day reserve balances for XRPL AMM pools on XRP Ledger, sourced from hourly forward-filled snapshots
- **External data**: End-of-day price feeds for deposited assets
- **Pool denylist**: A curated list of 9 pool addresses excluded due to pricing anomalies, where XRPL CLOB-derived token prices show 5000x+ imbalance ratios or completely one-sided valuations

## 3. Step-by-step calculation

### Component A: Reserve snapshot extraction

- **Purpose**: Capture end-of-day liquidity positions for all XRPL AMM pools
- **Logic**: Hourly reserve data is forward-filled to ensure continuous coverage for all pools including dormant ones with no same-day activity. The last hourly snapshot within each UTC day is selected as the end-of-day position. Only pools with positive reserves for both assets are included.
- **Key fields**: `reserve_0` and `reserve_1` (token quantities), `pool_address` (pool identification), `token_0` and `token_1` (asset identification)

### Component B: Pool filtering

- **Purpose**: Exclude pools with unreliable pricing data
- **Logic**: Nine pool addresses are filtered out where XRPL CLOB-derived token prices produce extreme reserve imbalances (5000x+ ratios) or one-sided valuations. These pools show USD values that are orders of magnitude inconsistent with actual deposited liquidity, indicating price feed failures rather than genuine deposits.

### Component C: USD valuation and aggregation

- **Purpose**: Convert reserve quantities to USD values
- **Logic**: Reserve amounts for each asset are multiplied by their respective end-of-day USD prices. The USD values of both reserves in each pool are summed to calculate total pool TVL. Values are aggregated across all pools by day to produce the final metric.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

XRP LedgerXRP

Total value locked

Total value locked

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