• 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

10 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

Relai: The Leading Bitcoin App in Switzerland

chest

Relai has emerged as a popular choice for users in Switzerland and the Eurozone seeking a simple and secure way to buy Bitcoin.

user avatarNguyen Van Long

Gemini Integrates RLUSD on XRP Ledger for Enhanced Transactions

chest

Gemini is adding support for RLUSD on the XRP Ledger to provide faster transactions and lower fees.

user avatarSatoshi Nakamura

Polymarket Launches iOS App to Enhance User Experience

chest

Polymarket launched its iOS app in December 2025 to enhance user experience, focusing on sports markets and achieving over 200,000 signups in its first week.

user avatarRajesh Kumar

Ostium Introduces a Decentralized Platform for Trading Perpetual Futures.

chest

Ostium, a decentralized exchange protocol, allows users to trade perpetual futures contracts on various real-world assets on the Arbitrum blockchain.

user avatarJesper Sørensen

Citadel Securities Calls for Caution in DeFi Regulations

chest

Citadel Securities has urged US regulators to carefully consider exemptions for trading tokenized US equities on DeFi platforms, emphasizing the need for investor protections.

user avatarFilippo Romano

Polymarket and Kalshi Achieve Milestone with $10 Billion in Trading Volume

chest

Polymarket and Kalshi report a combined trading volume of $10 billion, marking a significant milestone in the prediction market space.

user avatarKaterina Papadopoulou

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.