The XRP Ledger (XRPL) has seen remarkable growth, with its Total Value Locked (TVL) increasing five-fold, signaling a growing presence in the decentralized finance (DeFi) space.
According to data from DeFiLlama, the TVL of XRPL surged from $16.1 million to $80.63 million. This is accompanied by a dramatic rise in on-chain activity, with daily active XRP addresses increasing from 10,000 to over 100,000 in just a few months.
Ripple’s Legal Victory Boosts XRPL’s TVL
This surge in XRPL’s TVL comes as Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) nears its conclusion. The SEC had accused Ripple of selling unregistered securities, leading to a series of legal challenges.
In a breakthrough development, the SEC dropped its case against Ripple, and Ripple subsequently dropped its cross-appeal. This move was confirmed by Ripple’s Chief Legal Officer, Stuart Alderoty, in an X (formerly Twitter) post. The resolution also included a $125 million fine for Ripple, with the SEC retaining $50 million of this amount in an interest-bearing escrow account.
XRP Price Performance and Market Outlook
Ripple’s legal victories have reignited investor confidence, contributing to dramatic price fluctuations for XRP. The token, which was priced around $0.55 in September 2024, crossed the $3 mark in January 2025. As of now, XRP is trading at $2.11, with a market capitalization of $123.32 billion and a 24-hour trading volume of $4.32 billion, reflecting strong market interest and liquidity.
The resolution of Ripple’s legal issues and the subsequent rise in XRPL’s TVL suggest that the XRP ecosystem is set for continued growth in the DeFi sector, with increased investor engagement.
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