XRP’s finally making waves in DeFi. The buzz right now? mXRP a new liquid staking token that lets holders earn yield without giving up flexibility. Built on the XRP Ledger’s Ethereum-friendly sidechain and powered by Midas with help from Axelar, it took off fast. The first 6.5 million XRP vault filled in just a few hours. Then it jumped to 10 million. Then again, as deposits kept rolling in.
By October 2, the vault had crossed $30 million in value, and the team opened it up even more, setting the cap near 20 million tokens. You can feel the excitement long time XRP holders have been waiting for a simple way to earn steady yield without locking their tokens into confusing DeFi setups. With around 8% annual returns and full liquidity, mXRP finally gives XRP a proper seat at the DeFi table.
And that’s not all that’s happening. Developers are rolling out new tools for regulated asset issuance under XRPL’s Multi Purpose Token standard. It comes with built in compliance freeze and clawback features, ID based transfers, and lightning fast, low fee settlement. Each operation burns a little XRP, and issuers have to lock up reserves for ledger objects, slowly tightening supply as activity grows.
Put it all together, and it’s clear XRP is growing up. Between liquid staking and real world asset tokenization, the network’s evolving from simple payments into a full blown financial ecosystem. One where liquidity, yield, and institutional trust can finally live on the same chain.
