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
Ripple Unveils Game-Changer: XRP and Crypto Now Integrated Into Corporate Treasury Systems
In what could be considered a major institutional development, the company behind XRP and RLUSD unveiled two product lines, called Digital Asset Accounts and Unified Treasury, within the Ripple Treasury platform.
They will allow corporations to manage fiat and cryptocurrencies, such as XRP and
CryptoPotato29m ago
Ripple’s XRP Crashes 7% Weekly While New Crypto Project GCOIN by PlayNance Gains Momentum
The cryptocurrency market has lost more than $200 billion in total capitalization over the past few days. This comes on the back of a 7% drop in Bitcoin’s price, which also dragged down most altcoins. Ripple’s XRP is no exception.
XRP Price Shaky Amid Global
CryptoPotato2h ago
XRP Goes Partly Private With This Key Chain Upgrade
Ripple’s developer team has freshly introduced Confidential Multi-Purpose Tokens (CMPTs), pushing for more privacy-focused features on the XRP Ledger. These MPTs enable masking of crypto account balances & transaction amounts. This keeps the total supply publicly verifiable, thanks to EC-ElGamal
DailyCoin2h ago
