The XRP Ledger (XRPL) is experiencing significant growth within the decentralized finance space, marked by new interaction capabilities and increases in total value locked.
TVL Breakout After Prolonged Stagnation
XRPL has reached a record total value locked (TVL) of $94.44 million, driven by activity on its native decentralized exchange (DEX) and the launch of an EVM-compatible sidechain. Since the mainnet debut of this sidechain on June 30, over 1,300 smart contracts and more than 17,000 addresses have been created, boosting liquidity on trading platforms and increasing the use of XRPL for yield farming and token swapping.
Improving Market Position and XRP Dominance
Along with the rise in TVL, XRP's share of the cryptocurrency market capitalization has increased. The XRP dominance index has climbed above 5%, near its highest level in 2025, amidst aggressive performance from Bitcoin and Ethereum, which highlights renewed investor interest in altcoins with active DeFi ecosystems.
Forecasts for XRP and the Future of DeFi
Market technician Tony 'The Bull' Severino has raised the question of whether XRP could reach $13 in just 40 days. His analysis, grounded in Elliott Wave theory, points to a contracting triangle pattern that has developed over nearly seven years leading up to an expected impulsive move. However, critics argue that such clean fractal patterns are rarely repeated in markets, making discussions on XRP’s potential ongoing.
The achievement of $94.44 million in total value locked marks a significant milestone for XRPL as it transitions into DeFi and signals growing investor confidence. As XRPL continues developing its capabilities, it may increasingly challenge larger ecosystems.
