The attractiveness of Ripple USD (RLUSD), XRP and the entire XRP Ledger has been spotlighted by developer Panos Mekras. Taking to his X account, Mekras commended a new incentive program spearheaded by First Ledger to reward RLUSD holders.
XRP Ledger liquidity growing
In less than 24 hours, First Digital had recorded up to $500,000 in XRP liquidity as holders chose to leverage the 12.8% APR offer on the XRP/RLUSD liquidity pool.
The concept of liquidity pools is as old as the first AMM, Uniswap. Users lock up their funds for a period and earn rewards as the funds power various DeFi activities.
According to Mekras, he and his team had a similar idea in 2025 as a way to bootstrap the XRP/RLUSD liquidity pool. However, he noted that the Ripple team felt negatively toward the prospect and largely disregarded its proposal.
As he pointed out, the proposal now appears to be working for First Digital. Since this claim has started generating interest in the community, Mekras clarified in an early post that Ripple has a department for XRP Ledger.
He believes that with one billion XRP earmarked for the community and its builders, there will be a significant change in the ecosystem
XRP Ledger and DeFi counterparts
Despite the $500,000 raked in as liquidity into First Digital, the entire XRP Ledger is still lagging behind significantly as concerns DeFi adoption.
By a large margin, Ethereum dominates the scene with a Total Value Locked pegged at more than $52.8 billion. This figure compares to XRP Ledger, with less than $47 million.
XRPL is also underperforming in terms of other important metrics like fee generation and active addresses. The recommendation from Panos Mekras for Ripple to support the ecosystem with developer grants is perhaps one of the first steps in positioning for a better market share.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Evernorth Amended SEC Filing Deepens XRP Role in Crypto Market Structure
Evernorth advances its SPAC merger with an amended SEC filing detailing XRP-based financing, refining how token contributions translate into equity within its planned public market debut.
Key Takeaways:
Evernorth advances SEC filing with XRP-based equity tied to 126,791,458 tokens from Ripple.
R
Coinpedia10m ago
XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan
XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.
CryptoNewsFlash1h ago
XRP Lawyer Warns CLARITY Act Could Lose Momentum if Summer Delays Persist
The CLARITY Act's chances of passing depend on timely legislative action, as summer distractions and midterm politics could hinder progress. Delays may complicate its path, especially if political dynamics shift post-election.
CryptoNewsFlash1h ago
XRP Eyes $1.60 as April History Shapes Market Expectations
Key Insights:
XRP historical April data shows sharp gains and losses, with 2021 marking a 180% surge while recent years reflect declining monthly performance trends.
Current price consolidation between $1.28 and $1.36 suggests reduced volatility, signaling a potential breakout as traders mon
CryptoNewsLand5h ago
XRP Struggles Below $1.35 as Bearish Signals Build
XRP is under significant selling pressure after repeated rejections at resistance around $1.35. Weak momentum indicators and rising short interest suggest increased downside risk, with critical support at $1.30-$1.28. A break below this level could lead to further declines.
CryptoNewsLand5h ago
Electricity Is Now Tokenized on XRP Ledger With $861 Million In Live Value
_XRP Ledger now hosts $861M in tokenized electricity via JMWH, tracking real energy use on-chain with full transparency._
The XRP Ledger continues to expand beyond payments. A new use case now tracks real electricity consumption on-chain, highlighting a live market tied to energy assets.
The
LiveBTCNews6h ago
