The XRP Ledger (XRPL) has seen its Total Value Locked (TVL) grow five-fold, showing that it is becoming more prominent in the decentralized finance (DeFi) space.
According to DeFiLlama data, the TVL of XRPL skyrocketed from just $16.1 million to $80.63 million. This is accompanied by a sharp rise in on-chain activity with the daily active XRP addresses increasing from 10,000 to over 100,000 within a couple of months.
Ripple vs. SEC: Case Nears Conclusion
This spike reflects growing interest in XRP and its ecosystem as Ripple’s legal fight with the U.S. Securities and Exchange Commission (SEC) comes to a close.
Ripple Labs has been engaged in a long court fight with the SEC, who accused the company of selling unregistered securities. On August 7, 2024, a court directed Ripple to pay a fine of $125 million.
On September 4, Ripple’s lawyers confirmed that the SEC had agreed to delay the payment after September 6. This postponement paved the way for more negotiations, which took a dramatic turn.
The most recent development was when the SEC dropped the case against Ripple and Ripple then dropped its cross-appeal. Ripple Chief Legal Officer Stuart Alderoty confirmed the development in an X (formerly Twitter) post.
Apart from the settlement, the SEC also gets to keep $50 million from the penalty in the form of an interest-bearing escrow account.
XRP Price Performance and Future Targets
With frequent legal updates, XRP has seen dramatic price fluctuations. In September 2024, the token was around $0.55. In January 2025, XRP crossed the $3 mark, reflecting renewed investor confidence.
XRP currently trades at $2.11, with a market capitalization of $123.32 billion and a 24-hour trading volume of $4.32 billion, a testament to sustained market interest and liquidity.
Also Read: XRP Price Drops 15% Last Week, What’s Next?
