XRP Surges in DeFi, TVL Tops $80M, Network Activity Explodes

Generated by AI AgentCoin World
Sunday, Feb 2, 2025 5:10 am ET1min read

XRP, the native cryptocurrency of the Ripple network, has started 2025 on a bullish note, positioning itself as a leading asset in the decentralized finance (DeFi) landscape with significant traction. The asset's rapid growth in Total Value Locked (TVL) highlights its increasing relevance and investor confidence in the DeFi sector.

According to a recent report by COINOTAG, XRP's remarkable ascent in the DeFi space has made it a focal point for investors looking for promising digital assets. XRP's early 2025 momentum highlights its rapid growth in DeFi, boosted by rising TVL and network activity, positioning it as a must-watch crypto asset.

Ripple has witnessed an explosive rise in its Total Value Locked (TVL) this month, positioning itself among the fastest-growing assets in the decentralized finance (DeFi) ecosystem. According to DeFiLlama, XRP's TVL surged past $80 million, a remarkable increase from its levels below $20 million just a few months ago. This significant growth signals rising confidence in the XRP Ledger's DeFi applications and liquidity expansion.

Beyond the TVL surge, XRP's network activity has also displayed remarkable strength. Data from Santiment reveals a notable spike in network growth, reflecting an increasing number of new wallet addresses interacting with the blockchain. This is a strong indicator of growing adoption, suggesting that more users are engaging with XRP's ecosystem. Similarly, CryptoQuant's data on active addresses confirms this trend, with active addresses consistently rising and peaking at over 110,000 in late January 2025 before slightly retracing. This surge in network participation suggests heightened trading activity and growing on-chain utility, factors that typically support price appreciation.

Ripple's price has mirrored its network expansion, maintaining an overall bullish structure despite minor corrections. XRP was trading at $2.97 at press time, reflecting a 1.94% intraday decline. However, its long-term trend looked intact, with XRP significantly up from its 2024 lows. The 50-day moving average sits at $2.61, well above the 200-day moving average at $1.26, signaling a bullish crossover and sustained upward momentum. XRP reached a high of $3.

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