Axelar and Midas’s new liquid staking XRP token, mXRP, has pulled in more than $22 million in deposits for the asset The post Investors Pour $22M in Deposits Into Tokenized XRP Yield Token appeared first on TheCoinrise.com.

TheCoinrise·15d ago

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XRP News: mXRP Vault Hits $20M as Staking Demand Explodes

That dynamic may be shifting. A new staking product called mXRP has drawn in millions of tokens within days of […] The post XRP News: mXRP Vault Hits $20M as Staking Demand Explodes appeared first on Coindoo.

Coindoo·15d ago

XRP's mXRP Vaults Approach Significant TVL Milestone

XRP mXRP vaults near $20M TVL, driving DeFi utility on XRP Ledger. Read original article on coinlive.me

CoinLive.me·16d ago

Here’s Why 13% of XRP Supply Could Get Locked and Trigger a Major Supply Shock

A new discussion inside the XRP community is getting louder, and it’s all about supply. Digital Asset Investor (DAI), a well-known XRP supporter, thinks as much as 13% of the circulating XRP could soon be locked away, creating a serious supply crunch that might push prices higher...

Captain Altcoin·18d ago

Wall Street Analyst Explains How $15,000 in XRP DeFi Could Make You a Millionaire

Ripple’s XRP is getting fresh attention after Wall Street analyst Rob Cunningham shared a bold new projection. He believes that just $15,000 invested in XRP DeFi today could grow into more than $1 million over the next decade. TheCryptoBasic reported his outlook as Ripple rolls o...

Captain Altcoin·19d ago

Midas Launches mXRP Token with Axelar to Bring Up to 8% Yield and Expand XRP’s Role in DeFi

Midas launched mXRP to give XRP holders access to DeFi yields through a new liquid staking token. The mXRP token works across 80 blockchains and connects to XRPL through the Axelar Bridge. XRP holders can earn up to 8% APY by depositing collateral into a tokenized structure. Mida...

CryptoNewsLand·19d ago

Former Fox Business Journalist: Here’s a New Way for XRP Holders to Earn 8% on Their Holding

mXRP allows XRP holders to earn up to 8% yield. New DeFi product integrates XRP with on-chain, off-chain strategies. mXRP transforms idle XRP into productive, yield-generating assets. Former Fox Business journalist Eleanor Terrett has revealed a new opportunity for XRP holders to...

36Crypto·19d ago

AXL price jumps 11% on mXRP launch, can it reverse its multi-month trend?

AXL price has risen in the past 24 hours on bullish developments, as Axelar was trending on Google. However, its technical setup remains weak. Will the current momentum help it reverse a multi-month downtrend? According to data from crypto.news, Axelar…

crypto.news·19d ago

XRP News: Validator Migration Deadline Nears as New Investment Product Debuts

The change involves the default Unique Node List (dUNL), a roster of trusted validators that helps maintain consensus on the […] The post XRP News: Validator Migration Deadline Nears as New Investment Product Debuts appeared first on Coindoo.

Coindoo·19d ago

mXRP Token Goes Live, Unlocking New Yield Opportunities for XRP Holders

Midas and Axelar have launched mXRP, a liquid staking token offering up to 8% yield, expanding XRP's DeFi utility. The mXRP token operates on the XRPL EVM with Axelar’s bridging technology, enabling access across 80+ blockchains. The token’s yield ranges from 6% to 8% annually, w...

Crypto Front News·19d ago

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AboutAxelar delivers secure interchain communication. That means dApp users can interact with any asset, any application, on any chain, with one click. You can think of it as Stripe for Web3. Developers interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake consensus. Axelar is a blockchain that connects blockchains. To do this securely, Axelar network uses proof-of-stake consensus. Network validators produce new blocks, participate in multiparty signing and vote on external chain states. Tokenholders stake the AXL token, delegating tokens to a validator’s staking pool and receiving rewards, minus the validator’s commission. The AXL token is used for governance and to pay network transaction fees to validators and tokenholders. However, users of the Axelar network do not need to hold the token. Conversions into AXL tokens and destination-chain tokens are handled on the back end, so that users need only pay gas once, in the source-chain token. Axelar network rewards are “inflationary” — they increase the total supply of AXL — but there is potential for supply to become deflationary based on the transaction fee mechanic described above.

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