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
XRP Beats BTC and ETH in ETF Flows, Shiba Inu Extends Price Rally, Cardano Founder Takes Jab at XRP, Ripple CTO Emeritus Says No One Holds Satoshi’s Keys — Top Weekly Crypto News - U.Today
XRP beats Bitcoin, Ethereum, Solana and Dogecoin in 24-hour ETF flows
Cardano founder criticizes XRP
Adam Back denies Satoshi rumors again
David Schwartz explains why no one alive likely has Satoshi's keys
SHIB extends price rally amid 237% surge in burn activity
XRP beats Bitcoin, Ethereum,
UToday1h ago
Self-Proclaimed Satoshi Accuses Ripple's Schwartz of 'XRP-Style' Control Projection - U.Today
David Schwartz and Craig Wright recently engaged in a heated debate on X over decentralization. Wright accused Schwartz of misapplying centralization concepts to Bitcoin, asserting that stable protocols can function without governance, while Schwartz countered that maintaining stability requires active measures against system changes.
UToday9h ago
Stablecoin Volume on XRP Ledger Explodes as RLUSD Dominates the Market
The XRP Ledger is quietly becoming a heavyweight in two markets that most people are not paying attention to: stablecoins and real world assets. New data shows the network recorded $1.77 billion in stablecoin transfer volume over the past 30 days. That is a 91.90% increase.
For context, that
CaptainAltcoin10h ago
Stablecoin Volume on XRP Ledger Explodes as RLUSD Dominates the Market
The XRP Ledger is quietly becoming a heavyweight in two markets that most people are not paying attention to: stablecoins and real world assets. New data shows the network recorded $1.77 billion in stablecoin transfer volume over the past 30 days. That is a 91.90% increase.
For context, that
CaptainAltcoin14h ago
Stablecoin Volume on XRP Ledger Explodes as RLUSD Dominates the Market
The XRP Ledger is quietly becoming a heavyweight in two markets that most people are not paying attention to: stablecoins and real world assets. New data shows the network recorded $1.77 billion in stablecoin transfer volume over the past 30 days. That is a 91.90% increase.
For context, that
CaptainAltcoin17h ago
