XRP News Today: DeXRP Launches on XRP Ledger as TVL Surges 400%

The DeXRP team has introduced a decentralized exchange (DEX) on the XRP Ledger (XRPL), aiming to establish a transparent trading environment for XRP holders and enthusiasts. This development coincides with notable growth in the XRPL ecosystem, as Total Value Locked (TVL) has increased from $16 million to $80.63 million in recent months. The DeXRP Initial DEX Offering (IDO) is currently live, with 25% of the total supply, amounting to 500,000,000 DXP, allocated for the presale. The DeXRP team has already announced the listing price at $0.35, while the current presale round price is $0.00525. To join the DeXRP IDO, an investor should connect their wallet on the DeXRP Presale page and choose the suitable currency for purchasing. Early participants can buy DeXRP tokens (DXP) with ETH, BNB, SOL, XRP, BTC, and USDT, as well as bank card transactions.

DeXRP combines a dual trading model with AMM and full Order Book to support both individual users and institutional participants. For institutional investors and traders, DeXRP combines both an integrated AMM system and a full Order Book with a Hybrid Trading Model. The backbone for every DEX is the liquidity providers, and DeXRP is designed to fairly reward all LPs participants. With LP tokens, holders will participate in a fee auction for discounted trading slots, premium features, DEX voting mechanism and access to new trading pairs and pools. DeXRP introduces customizable yield multipliers to grant liquidity providers enhanced LP rewards with individual adjustment instruments. With full commitment control, users can maximise their earnings.

DeXRP is a next-generation Decentralised Exchange powered by XRPL that combines deep liquidity, ultra-low fees, and a dual-trading model to deliver an institutional-grade trading experience for everyone, from crypto newcomers to pro traders. The launch of DeXRP marks a significant milestone for the XRP Ledger, as it is the first DEX to be introduced on the platform. This move is expected to enhance the liquidity and accessibility of XRP, providing holders with a more efficient and secure trading experience. The IDO is a crucial step in the project's roadmap, as it allows early investors to participate in the ecosystem and contribute to its growth. The DeXRP team has emphasized the importance of transparency and security in their platform, ensuring that users can trade with confidence. The IDO is an opportunity for investors to acquire DXP tokens at a discounted rate, which can be used for trading fees and other services on the DeXRP platform. The presale is a strategic move to generate initial liquidity and attract a diverse range of investors to the ecosystem.

The timing of the IDO, amidst the Ripple rally, is noteworthy. The rally has been driven by increased adoption and partnerships within the Ripple ecosystem, which has led to a surge in the value of XRP. This positive momentum is expected to benefit DeXRP, as it provides a platform for XRP holders to trade and invest in a decentralized manner. The rally also indicates a growing interest in the XRP Ledger, which could attract more users and developers to the DeXRP platform. The DeXRP team has outlined a clear vision for the future of the platform, focusing on innovation and user experience. The IDO is just the beginning, as the team plans to introduce new features and services to enhance the trading experience. The launch of DeXRP is a testament to the potential of the XRP Ledger and its ability to support innovative projects that drive the adoption of blockchain technology. $DXP is the utility token for DeXRP, and it grants holders: trading fee discounts, access to premium tools, participation in fee auctions, and much more. Liquidity providers are eligible for LP token-based rewards and may participate in DeXRP’s upcoming fee auction model to access discounted trading slots and exclusive features. The DeXRP team also plans to introduce airdrop and bounty initiatives to increase community engagement and platform awareness. For additional updates and participation details, users may refer to DeXRP’s official channels.