Ripple CTO David Schwartz returns to XRPL with personal NYC server project
David Schwartz, Ripple’s Chief Technology Officer, is making a hands-on return to the XRP Ledger (XRPL) by deploying a high-performance infrastructure hub.
Unlike past Ripple-led initiatives, this move is a personal project, with Schwartz planning to run a datacenter node in New York powered by a Ryzen 9950X CPU, 256GB RAM, and high-speed NVMe storage, reports Cryptopolitan.
The server will operate on Ubuntu LTE and a 10GB unmetered connection, aiming to serve as a robust public XRPL node. Schwartz emphasized that although the server will run with production-grade uptime, it should not be viewed as a single point of failure. His return comes amid renewed interest in XRPL performance and a surge in on-chain metrics.
XRP Ledger sees transaction surge, new users, and growing DEX activity
XRPL has seen explosive growth recently, hitting over 70 million transactions in 30 days, with daily volume peaking at 1.8 million. Weekly activity reached 13.5 million transactions, driven in part by new applications and market interest. A report from Dune shows that over 1 million users joined XRPL in 2025, with daily signups regularly exceeding 20,000.
Ripple’s decentralized exchange (DEX) and automated market maker (AMM) components are also showing strength: DEX volume rose from 384M to 465M XRP, while AMM activity increased from 350M to 408M XRP. Despite this, active DEX traders per day remain modest at around 2,363, suggesting institutional users may still be cautious.
XRP price, regulation, and Ripple’s broader banking ambitions
XRP has gained over 30% in the past month, currently trading around $2.97, and recently peaked at $3.60 in July. These gains come after a partial legal victory over the SEC, which has helped to restore investor confidence. However, CTO Schwartz maintains that regulatory uncertainty remains a key barrier to institutional on-chain adoption.
In a bold move, Ripple has applied for a national bank charter in the U.S., which could allow it to bypass traditional banks for settlement. This aligns Ripple with firms like Circle as they push for deeper crypto integration into mainstream finance—while building out XRPL as a foundational layer for decentralized finance.
Recently we wrote that XRP has surpassed Ethereum in trading revenue on Coinbase, according to the company’s 10-Q filing with the U.S. Securities and Exchange Commission (SEC) on July 31.
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