Value

Uniswap

Token

Million

<ul class="news-points">
 <li>XRPL reaches 10M XRP total value locked, 25% of Uniswap V3 pairs.</li>
 <li>Ripple to release 1B XRP and re-lock 800M tokens in escrow.</li>
 <li>XRP price rises 1.12%; the current market cap is $28.83 billion.</li>
</ul>
XRP saw a surge in activity and value locked on its ledger after a prominent validator, known as Vet, announced a milestone of 10 million XRP Total Value Locked (TVL) on the network. The announcement coincided with the XRP Ledger (XRPL) reaching 25% of Uniswap V3’s total pairings with 500 pairs on its platform, signaling growing confidence and adoption in the XRP ecosystem.
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 That's a solid 10M XRP Total Value Locked ! With 500 pairs we also reached 25% of Uniswap V3 total pairs. Optimistic for volume and swaps to catch up, the AMM/DEX is in the center of all DeFi. <a href="https://t.co/NBvTghsfyO" target="_blank" rel="noopener noreferrer nofollow">https://t.co/NBvTghsfyO</a> <a href="https://t.co/CxhVI5oa7W" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/CxhVI5oa7W</a>— Vet <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3f4-200d-2620-fe0f.png" alt="🏴‍☠️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Vet_X0) <a href="https://twitter.com/Vet_X0/status/1797407727544574130?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 2, 2024</a>
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Vet was upbeat about the possibility of more volume and swaps, stressing that Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs) are essential to all DeFi operations.
TVL saw a huge increase less than a day after XRP advocate lawyer Bill Morgan announced that $5 million worth of XRP had been locked. This quick exp…
The post <a href="https://coinedition.com/xrps-10-million-tvl-milestone-signals-growing-demand-for-ripples-token/" rel="noopener noreferrer nofollow">XRP’s 10 Million TVL Milestone Signals Growing Demand for Ripple’s Token</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP’s 10 Million TVL Milestone Signals Growing Demand for Ripple’s Token

Coin Edition

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