Great positive news for Ripple!
Launch of Wrapped XRP (wXRP) on multiple chains (Solana, Ethereum, Optimism, HyperEVM) via Hex Trust, with liquidity exceeding 100 million dollars.
What does this news mean simply?
XRP (the currency of Ripple) was limited in the world of decentralized finance (DeFi) as it operates on its own network and does not easily integrate with other popular networks like Ethereum and Solana. Now, a 'wrapped' version of XRP called wXRP is now available on major networks: Ethereum, Solana, Optimism, HyperEVM.
What does this mean for traders?
People can now use XRP in popular DeFi applications (such as lending, trading, earning interest) on these networks without the need to sell the original XRP.
Liquidity (money available for trading) has increased significantly, and in a short time, the total value locked (TVL) has exceeded 100 million dollars.
Why is this great news for Ripple and XRP?
Because it opens new doors for using XRP in the vast DeFi world, attracting new investors and developers, and increasing the currency's value and utility in the long term.
In short: XRP is now 'playing' in the big competitors' playgrounds, and this is a big step towards wider adoption!
#BNBCARD #BNB $XRP