XRP trading has officially gone live on THORChain, with early data showing $22,000 in processed volume within the first 24 hours. While modest, the figure is seen as an encouraging start given the limited number of frontends that currently support XRP swaps.
According to a post from Hexicidal, a key voice within the THORChain community, the performance came “despite only a few frontends having enabled support,” suggesting significant room for growth as access expands across the ecosystem.
Technical Overview and Metrics
The launch report also provides a snapshot of the trading metrics on Day 1. As of the time of reporting, XRP was priced at $2.14 on THORChain. Asset depth stood at 49,614 XRP, with a corresponding 67,000 RUNE in liquidity. This setup allowed for 13.56K RUNE worth of swaps—roughly equivalent to the $22,000 in volume.
Additional statistics include:
Earnings: 2.1 RUNE ($3)
Average Slip: 0.10%
While the earnings remain relatively low for now, the key takeaway lies in the infrastructure milestone itself: XRP has been successfully bridged into THORChain’s decentralized liquidity protocol, allowing for native swaps without centralized intermediaries.
What This Means for XRP and THORChain
THORChain enables cross-chain swaps without relying on wrapped assets or custodians, making this XRP integration particularly noteworthy. Historically, XRP has had limited access to decentralized cross-chain liquidity due to its consensus mechanism and legacy infrastructure.
By enabling native XRP swaps, THORChain could open up new utility for XRP holders—particularly those seeking self-custodied, on-chain interoperability across Bitcoin, Ethereum, and other ecosystems.
For THORChain, the move underscores its commitment to becoming a universal settlement layer for decentralized finance (DeFi). The addition of XRP adds one more high-cap liquidity asset to its roster, following integrations of Bitcoin, Ethereum, Litecoin, Dogecoin, and BNB.
Challenges and Next Steps
However, the rollout is far from complete. The limited frontend access currently restricts broader user participation. As more interfaces integrate XRP swap functionality, transaction volumes are expected to increase. This could also incentivize deeper liquidity pools and higher swap activity over time.
The move comes at a time when THORChain is seeing growing institutional and retail interest, following recent expansions in integrations and protocol security. Yet, it will take sustained traction and user engagement for this XRP feature to become a meaningful part of THORChain’s value proposition.
Looking Ahead
While $22,000 may appear marginal compared to centralized exchange volumes, the symbolic and technical significance of this integration cannot be overstated. It sets the stage for XRP to participate more fully in decentralized finance—a vision long hindered by compatibility and custody concerns.
As infrastructure builds out and more users gain access, the real test will lie in whether XRP can attract meaningful DeFi liquidity and usage within THORChain’s unique ecosystem.
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