Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 132

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 132
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, the consensus-based mechanism is relatively light in terms of energy usage, as it relies on trusted validators
rather than mining. A third advantage is scalability. The XRP Ledger can handle up to 1,500 transactions per second, far more than the
Bitcoin or Ethereum blockchain. This makes the XRP Ledger an attractive option for high-volume use cases, such as cross-border payments.
Lastly, because validators do not need to spend resources on mining, transaction fees are extremely low (typically a fraction of a cent
per transaction).

The XRP Ledger supports a
diverse ecosystem of decentralized applications (“dApps”) that highlight its growing influence in the blockchain industry.
These dApps cover a wide range of applications, from DeFi to real-world asset tokenization, leveraging the XRP Ledger’s high-speed,
cost-efficient, and scalable infrastructure. This robust platform has created an environment where developers can build innovative solutions
that attract a broad and engaged user base, positioning the XRP Ledger as an attractive hub for blockchain-based applications.

A key feature of the XRP Ledger’s
dApp ecosystem is its native decentralized exchange, which facilitates seamless trading and liquidity provision for a variety of digital
assets. Platforms focused on tokenizing real-world assets further enhance the ecosystem, offering users transparent access to financial
instruments and other tokenized assets. The recent introduction of the RLUSD stablecoin has contributed to the growth of the XRP Ledger’s
DeFi ecosystem, providing a medium of exchange that enhances the functionality of existing dApps and supports the development of new
financial products.

The RLUSD stablecoin has also
played a pivotal role in attracting new developers and projects to the XRP Ledger, fostering a wave of innovation within the ecosystem.
By offering a stablecoin for transactions and smart contracts, RLUSD has lowered barriers for developers seeking to build sophisticated
DeFi applications, drawing both emerging and established projects to the platform. This influx of development activity has expanded the
scope of the XRP Ledger’s dApp offerings, creating new opportunities for users and reinforcing the ledger’s reputation as
a versatile and forward-thinking blockchain.

The XRP Ledger benefits from
a vibrant developer community that drives innovation and collaboration. The participation of prominent projects from the broader blockchain
industry further amplifies the ecosystem’s appeal, bringing diverse expertise and use cases to the XRP Ledger. With RLUSD serving
as a catalyst for growth, the XRP Ledger continues to evolve as a dynamic platform for decentralized applications, fostering a collaborative
environment where developers and users alike