Crypto analyst Cypress Demanincor highlighted opportunities for the XRP community as the DeFi ecosystem on the XRPL evolves.
Prominent Figures Highlighting DeFi for XRP
Key figures in the XRP ecosystem emphasize the importance of DeFi. For instance, Ripple CEO Brad Garlinghouse noted the activation of decentralized exchanges. CTO David Schwartz pointed out the benefits of participating in XRP liquidity pools.
Historical Context: XRPL and DeFi
Demanincor reminded that the XRPL was the first blockchain with built-in DEX functionality, highlighting its readiness to support a thriving DeFi ecosystem.
The Road Ahead: 2024 and Beyond
In 2024, the DeFi ecosystem on the XRPL expanded significantly, providing opportunities for XRP holders to earn passive income. 2025 is poised to be a year to leverage these opportunities for long-term gains.
The XRP community is well-equipped to take advantage of these new opportunities, bolstering positions and contributing to ecosystem growth.
