XRPL prepares for ‘institutional DeFi’ – Will it boost XRP price?
Key stakeholders in the XRPL ecosystem are pushing for institutional DeFi adoption, with the upcoming 'XRP Lending Protocol' (XLS-66) seen as a critical upgrade. Evernorth, a major XRP treasury firm, announced it will make this protocol its core strategy, believing it could unlock a multi-billion-dollar annual yield opportunity and fundamentally shift institutional on-chain liquidity.
Currently, the XRPL DeFi ecosystem lags behind rivals like BNB Chain and Solana, with its TVL dropping to $100 million, compared to their billions. However, Ripple’s stablecoin RLUSD has grown rapidly, surpassing $1 billion in supply.
Market signals are mixed: 42 wallets holding over 1 million XRP have resumed accumulation for the first time since September, indicating long-term confidence. Yet, large holders remain net sellers overall, though selling pressure has slightly eased. XRP price consolidated around $1.7, awaiting broader market direction.
ambcrypto01/31 05:32