- XRPL reaches 10M XRP total value locked, 25% of Uniswap V3 pairs.
- Ripple to release 1B XRP and re-lock 800M tokens in escrow.
- XRP price rises 1.12%; the current market cap is $28.83 billion.
XRP saw a surge in activity and value locked on its ledger after a prominent validator, known as Vet, announced a milestone of 10 million XRP Total Value Locked (TVL) on the network. The announcement coincided with the XRP Ledger (XRPL) reaching 25% of Uniswap V3’s total pairings with 500 pairs on its platform, signaling growing confidence and adoption in the XRP ecosystem.
That's a solid 10M XRP Total Value Locked !With 500 pairs we also reached 25% of Uniswap V3 total pairs.
Optimistic for volume and swaps to catch up, the AMM/DEX is in the center of all DeFi. https://t.co/NBvTghsfyO pic.twitter.com/CxhVI5oa7W
— Vet (@Vet_X0) June 2, 2024
Vet was upbeat about the possibility of more volume and swaps, stressing that Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs) are essential to all DeFi operations.
TVL saw a huge increase less than a day after XRP advocate lawyer Bill Morgan announced that $5 million worth of XRP had been locked. This quick exp…
The post XRP’s 10 Million TVL Milestone Signals Growing Demand for Ripple’s Token appeared first on Coin Edition.