Due to the overall market weakness, Ripple (XRP) has fallen approximately 63% from its July high of $3.66, currently trading near $1.35. Despite the price pressure, key ecosystem developments are still underway, including the launched XRPL EVM sidechain, which enables interoperability and DeFi access. The mXRP liquid staking token launched through Midas and Axelar Network offers yield opportunities for holders, while the native AMM on XRPL currently manages nearly 27,000 liquidity pools. The $150 million market cap Ripple stablecoin RLUSD provides a settlement channel for institutional users. However, regulatory uncertainty and negative market sentiment continue to dampen investor confidence and price trends.
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Ripple's DeFi Strategic Transformation: Addressing XRPL EVM Sidechain Growth, XRPFi Migration, and Liquidity Challenges
Due to the overall market weakness, Ripple (XRP) has fallen approximately 63% from its July high of $3.66, currently trading near $1.35. Despite the price pressure, key ecosystem developments are still underway, including the launched XRPL EVM sidechain, which enables interoperability and DeFi access. The mXRP liquid staking token launched through Midas and Axelar Network offers yield opportunities for holders, while the native AMM on XRPL currently manages nearly 27,000 liquidity pools. The $150 million market cap Ripple stablecoin RLUSD provides a settlement channel for institutional users. However, regulatory uncertainty and negative market sentiment continue to dampen investor confidence and price trends.