OneRamp Surpasses $106,000 in Transaction Volume

We’re thrilled to announce that OneRamp has crossed a major milestone with over $106,594 in transaction volume! With active users in Uganda, Kenya, Tanzania, Ghana, and Zambia, and support for multiple blockchains—including Ethereum, Polygon, Starknet, and Celo.

OneRamp is committed to making stable coin transactions seamless, accessible, and efficient for everyone. This achievement reflects the rising demand for digital financial solutions in Sub-Saharan Africa, where we’re transforming the way people interact with crypto.

For a detailed look at our transaction data, visit our Dune dashboard, where you can explore insights into our platform’s growth and token performance.

Here’s The Token Performance Breakdown:

Here is the token performance overview: Among the few tokens that are driving transaction volume for us, each brings different added value to our users. Starting from most active to emerging tokens, performance can be reviewed as shown below:

1. CUSD (Celo Dollar)
   Total Volume: 90,296.68
   CUSD has scaled to become the most favored pair on OneRamp, taking up most of our transaction volume. It has been highly driven by MiniPay Wallet, which is Celo's, with deposits tagging 45,443.06 and withdrawals amounting to 44,853.62. Again, having stability and strong market trust, CUSD is the go-to for users seeking secure saving or making transactions. CUSD's excellent performance acts as a good proxy for the popularity of Celo amongst users on OneRamp. It has remained the most active blockchain for OneRamp users as it serves mobile-first, low-cost transactions that best meet the needs of our users.

2. USDT (Tether)
   Total Volume: 11,394.77
   USDT is increasingly finding more appeal on OneRamp, especially when liquidity and smoothness are crucial, as in the case of cross-border transfers. With deposit volume at 5,861.98 and that of withdrawals at 5,532.79, USDT merited to be a trusted medium for everyday financial activities, and the growing volume hints at regular remittances and payments of great importance to users with family or business across borders.

3. USDC (USD Coin)
   Total Volume: 4,902.69
   USDC rounds out our top three in transaction volume, finding favor with users who are attracted to its regulatory backing and secure nature. Slightly leaning towards deposits at 2,490.87 versus 2,411.82 withdrawals, USDC is viewed as a reliable store of value for individuals looking to protect their savings.

Blockchain Activity: Celo Leads, Starknet on the Rise

The success of OneRamp is not only token-driven; it is also carved out by the versatility of blockchain networks. Celo, with its mobile-first approach and affordability, remains the most active blockchain on our platform. What the Celo focus has been able to do is zero in on mobile accessibility, making it a perfect fit for our users, who have mainly used mobile money to transact. This synergy has contributed highly to Celo's significant presence on OneRamp.

Meanwhile, Starknet is now experiencing increased activity and an encouraging outcome as more users start testing its functionalities. With the seamless connectivity into Argent Wallet, growing interest from our user base has been received regarding the scalability, performance, and efficiency of Starknet, giving a solid foundation for growth. Ethereum and Polygon remain in use by those seeking high liquidity and low gas prices, thus ensuring the freedom of choice over which network better suits their needs.

Expanding Access to Finance in Africa

Savings should be made in stable currencies in order to avoid inflation and currency volatility.

Sending and receiving funds across borders is easy, a key feature required for the African market. Send and receive stablecoins with no bank account so that anyone with a mobile phone can participate in the digital economy. All this can be done with any wallet of their preference since OneRamp is designed to easily connect to any user's wallet.

A Milestone and the Road Ahead

Reaching over $106,000 in transaction volume is a big statement to our commitment to crypto adoption in Africa. But there is no stopping at somewhere; as we scale much further, it is an assurance of more improvement in user experiences, adding more features to help expand digital financial services across the continent.

To all our users and partners, special thanks go out for making this journey possible. Now we're onto the rest of changing what is possible. In doing so, together, we are building a financial future that is more inclusive, easier for everyone in Africa to access, save, and transact in the global digital economy.