Ripple Labs has presented a plan to develop an institutional DeFi system on the XRP Ledger blockchain, focusing on applications ensuring security and scalability.
Development Plans
Ripple's plans include creating a permissioned decentralized exchange, a credit DeFi lending protocol, and a new token standard MPT. These will use XRP Ledger's decentralized identifiers to integrate compliance checks.
Current Status and Achievements
The native token of XRP Ledger has increased by over 300% since November 2024. However, the platform's activity still lags behind leading blockchain networks like Ethereum. Ripple's DEX has handled over $1 billion in swaps since launching in 2024.
Optimistic Prospects
Ripple hopes that intensifying efforts in institutional DeFi, including working with real-world assets, will accelerate the network's growth. There is speculation that the SEC lawsuit against Ripple might be withdrawn or paused.
Ripple Labs is actively advancing its institutional DeFi initiatives, aiming for further growth and the development of the XRP Ledger ecosystem.
