XRPL is emerging as a pioneering platform in the DeFi space thanks to the strong development of real asset tokenization.
Tokenization of real assets (RWA) on XRP Ledger has increased by over 2,200% in the past six months, driving a significant increase in value and trading volume, while attracting the attention of global organizations and businesses.
MAIN CONTENT
Tokenization of real assets on XRPL has reached a value of over 118 million USD, increasing by 2,260% since the beginning of the year.
The DeFi ecosystem on XRPL is rapidly developing with a TVL exceeding 92 million USD and daily transactions of more than 1.77 million.
Ripple is expanding globally with strategic partnerships in the Middle East, Europe, Asia, and South America.
How does tokenizing real assets accelerate the development of XRPL?
The value of real assets tokenized on XRPL has increased from under 5 million USD to at least 118 million USD within 6 months, demonstrating the strong shift of major organizations to blockchain.
According to a joint report by Token Relations and Ripple, this is the result of applying blockchain technology in the tokenization of physical assets, helping to increase liquidity and transparency in asset transactions.
“The tokenization of real assets is reshaping the DeFi structure, creating a bridge between the real and digital worlds.”
Brad Garlinghouse, CEO of Ripple, 2024
The DeFi ecosystem on XRPL also recorded impressive growth with a total value locked (TVL) reaching 92.57 million USD, an increase of nearly 68.3% in just 30 days. The average daily transaction volume exceeds 1.77 million, indicating an increasingly vibrant network.
How has the DeFi ecosystem on XRPL developed recently?
XRPL currently has a stablecoin market capitalization of 93.21 million USD, increasing by 23.18% just this week. The trading volume on decentralized exchanges (DEX) in 24 hours reached approximately 186,232 USD.
Stablecoins and DEX platforms play a crucial role in increasing liquidity and attracting new users, facilitating the expansion of DeFi services on XRPL.
“Optimizing liquidity with stablecoins and DEX is the foundation for XRPL's sustainable development in the DeFi ecosystem.”
Jane Lee, blockchain research expert, 2024
Why is Ripple focusing on expanding in the Middle East, Europe, Asia, and South America?
Ripple is accelerating the development of the global financial ecosystem through strategic partnerships in many high-potential blockchain application regions.
In the Middle East, Ripple has received a license from the DFSA Dubai Authority and collaborates with banks such as Zand Bank and Mamo Pay to improve cross-border payments.
In Europe, Ripple collaborates with major financial institutions such as DZ Bank and BBVA Switzerland, focusing on secure custody solutions and tokenization services for institutional clients.
Asia is witnessing collaboration with partners such as Straits and BDACS in Singapore and South Korea to support cryptocurrency custody and build the digital asset ecosystem infrastructure.
In South America, the Latin market is also rapidly developing as Mercado Bitcoin has tokenized over 200 million USD of assets on XRPL, reflecting the real influence of blockchain in this region.
Frequently Asked Questions
1. What does the tokenization of real assets on XRPL mean for investors?
Tokenization improves liquidity, allowing investors to easily trade physical assets on the blockchain transparently and securely.
2. What outstanding advantages does XRPL have in the current DeFi ecosystem?
XRPL records high TVL and large transaction volumes, along with strong growth of stablecoins and DEX, ensuring an efficient DeFi environment.
3. What has Ripple achieved in the process of expanding its global market?
Ripple has signed many important partnerships and received regulatory approval in strategic regions, helping to strengthen its position in the payment and DeFi sectors.
4. How is the growth of tokenization on XRPL assessed?
A growth of over 2,200% in 6 months with tokenized value exceeding 118 million USD is evidence of the widespread and sustainable application of this technology.
5. Does XRP Ledger have development potential in the future?
With the increase in users, transactions, and global expansion, XRPL is highly regarded by experts for its sustainable development potential.
Source: https://tintucbitcoin.com/token-rwa-xrpl-tang-2-260/
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