XRP News Today: DeXRP Launches on XRPL TVL Surges 400%

The DeXRP team has introduced a decentralized exchange (DEX) on the XRP Ledger (XRPL), with the goal of creating a transparent trading environment for XRP holders and enthusiasts. This development comes at a time when the XRPL ecosystem is experiencing notable growth, with the Total Value Locked (TVL) increasing from $16 million to $80.63 million in recent months. DeXRP, similar to platforms like Jupiter or 1Inch, integrates a dual trading model that combines an Automated Market Maker (AMM) with a full Order Book, catering to both individual users and institutional participants.

The DeXRP Initial DEX Offering (IDO) is currently underway, with 25% of the total supply, amounting to 500,000,000 DXP tokens, allocated for the presale. The listing price for DeXRP tokens has been set at $0.35, while the current presale round price is $0.00525. Investors can participate in the IDO by connecting their wallets on the DeXRP Presale page and selecting their preferred currency for purchase. Early participants have the option to buy DeXRP tokens using ETH, BNB, SOL, XRP, BTC, and USDT, as well as through bank card transactions.

For institutional investors and traders, DeXRP offers a hybrid trading model that integrates both an AMM system and a full Order Book. The platform is designed to fairly reward liquidity providers, who form the backbone of every DEX. DeXRP introduces LP tokens, which allow holders to participate in fee auctions for discounted trading slots, premium features, and access to new trading pairs and pools. Additionally, DeXRP offers customizable yield multipliers, enabling liquidity providers to enhance their LP rewards with individual adjustment instruments, thereby maximizing their earnings.

The utility token for DeXRP is $DXP, which grants holders various benefits, including trading fee discounts, access to premium tools, and participation in fee auctions. Liquidity providers are eligible for LP token-based rewards and can 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 boost community engagement and platform awareness.

DeXRP is positioned as a next-generation decentralized exchange powered by XRPL, offering deep liquidity, ultra-low fees, and a dual-trading model. This platform aims to deliver an institutional-grade trading experience for everyone, from crypto newcomers to professional traders. For additional updates and participation details, users can refer to DeXRP’s official channels, including their website, social media platforms, and white paper.