The Total Value Locked (TVL) on the XRP Ledger has increased fivefold lately, showcasing its growing significance in the decentralized finance (DeFi) space.
XRP Ledger's Success in DeFi
According to DeFiLlama data, the TVL on the XRP Ledger skyrocketed from $16.1 million to $80.63 million. This is accompanied by a rise in on-chain activity, with daily active XRP addresses increasing from 10,000 to over 100,000 within a few months. Additionally, the number of automated market maker (AMM) pools on the platform has grown, supporting a wide range of assets and adding liquidity to the network.
Ripple vs. SEC: Case Conclusion
This interest spike reflects the growing interest in the XRP ecosystem as Ripple’s legal fight with the U.S. Securities and Exchange Commission (SEC) nears its conclusion. Ripple Labs has been engaged in a long court battle over accusations of selling unregistered securities. Following an August 7, 2024 court directive, Ripple was fined $125 million. On September 4, Ripple’s lawyers confirmed the SEC had agreed to delay the payment past September 6, paving the way for further negotiations. Recently, the SEC dropped the case against Ripple, leading Ripple to drop its cross-appeal. Ripple Chief Legal Officer Stuart Alderoty confirmed this development in an X post.
XRP Price Dynamics and Future Prospects
Amid frequent legal updates, the price of XRP has experienced dramatic fluctuations. In September 2024, the token was around $0.55. In January 2025, XRP crossed the $3 mark, reflecting renewed investor confidence. Currently, XRP trades at $2.11, with a market capitalization of $123.32 billion and a 24-hour trading volume of $4.32 billion, a testament to sustained market interest and liquidity.
Overall, these factors indicate a notable increase in interest in XRP and its ecosystem as the Ripple vs. SEC case comes to an end and a significant rise in TVL on the XRP Ledger is recorded.
