Layer-1 Assets Rally as Market Anticipates Trump’s Pro-Crypto Administration: CryptoQuant

The promise of a pro-crypto regulatory environment led by the incoming administration of the United States President Donald Trump has triggered a positive effect among cryptocurrencies, with the native assets of layer-1 blockchains raking in substantial gains., crypto assets like XRP, TRX, Toncoin , SOL, ADA, the native assets of Ripple, Tron Network, The Open Network, Solana, and Cardano, respectively, have witnessed significant rallies since the conclusion of the U.S. presidential elections.

The rise in the value of XRP coincides with decentralized exchange activity on the network hitting a new all-time high and total active addresses spiking to the highest daily level since early 2024. CryptoQuant found that DEX volume on the XRP Ledger reached $3.5 million on November 15, with participation from 80 traders. Ripple launched this new automated market maker DEX in May to support the chain’s limit order book DEX.a multi-year high of $0.20 and is up almost 10% weekly.

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