• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRPL Community Dismisses 'Custodial DeFi', Calls for New Solutions

user avatar

by Giorgi Kostiuk

9 months ago

Experts highlighted the dangers of 'custodial DeFi' for XRP and called for new approaches in financial technology.

XRPL Innovators Sound the Alarm

Among the voices raising concerns is @Vet_X0, founder of an XRPL-based NFT marketplace and operator of a dUNL validating node. He stressed that XRP holders should avoid 'custodial DeFi'.

We can't put our XRP in custodial XRPL DeFi hyped by influencers. Instead... Our purpose is to reinvent the foundation on which global finance is built.Vet

Concerns from Flare Founder

Hugo Philion, CEO of Flare, agreed with @Vet_X0, emphasizing that projects in the XRP ecosystem might be too centralized. He noted that some of these projects are essentially 'Celsius 2.0'.

Some of the projects I’m seeing launch around XRP are taking immense shortcuts. If the protocol you are using isn’t built with decentralization, it’s essentially Celsius 2.0

Future for XRPL DeFi

The XRPL ecosystem is actively developing with smart contracts and oracles, facilitating DeFi growth on the platform. This opens new opportunities for innovations in financial technology.

The XRPL community and experts continue to discuss new approaches to decentralization, emphasizing the importance of sustainable technology development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Institutional Interest in Ethereum Surges with 35 Billion in ETF Volume

chest

Institutional investors showed increased interest in Ethereum, with spot ETFs registering about 35 billion in trading volume in November 2025.

user avatarRajesh Kumar

Binance Leads Ethereum Trading with 198 Billion Volume in November

chest

Binance emerged as the leading platform for Ethereum trading, recording approximately 198 billion in spot trading volume in November 2025.

user avatarMiguel Rodriguez

AAVE Approaches Key Weekly Support Level

chest

AAVE is approaching the key weekly support level of 150, which may influence future price movements and market sentiment.

user avatarLuis Flores

Increased Risks for Crypto Investors on Black Friday

chest

Black Friday presents higher risks for crypto investors due to increased scams and phishing attempts. Investors are advised to be vigilant and follow safety measures.

user avatarArif Mukhtar

CryptoAppsy Launches to Simplify Cryptocurrency Tracking

chest

CryptoAppsy has launched a cryptocurrency tracking app that provides real-time data without registration, enhancing user experience and investment management.

user avatarMaria Gutierrez

User Feedback Highlights CryptoAppsy's Value

chest

User feedback highlights the value of CryptoAppsy, which has received positive ratings for its functionality and ease of use.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.