XRP has mostly been the silent sidekick in the DeFi sector. Until now. Enter mXRP, a shiny new staking product that’s turning heads, and wallets faster than a flash crash.
Locked inside a vault
Originally, the mXRP vault was set up to hold 6.5 million XRP. Guess what? It hit that cap so quickly the developers had to bump it to 10 million.
The result? Nearly $20 million worth of XRP are now locked tight inside this digital vault, staking away while their owners kick back.
This rapid uptake screams one thing, XRP holders are done letting their tokens collect digital dust and want to make those coins work for them.
Wrapping XRP into an Ethereum-compatible token
How does mXRP pull off this little magic trick? It wraps XRP into an Ethereum-friendly sidechain token, putting those coins into play on the DeFi playground.
📢 $mXRP vault capacity has been extended to 10M 📢
— Axelar Network (@axelar) September 25, 2025
Rather than sitting idle, these wrapped tokens get put into smart strategies, managed independently, churning out returns that boost mXRP’s value. Holders get their slice of DeFi action, liquidity provisioning, lending, and more, without losing that vital tether to the original XRP.
This idea comes from tokenization wizards at Midas, who argue that a giant chunk of XRP has been snoozing untouched for far too long.
By bridging XRP into DeFi, they’re unlocking fresh opportunities that have powered Ethereum’s thriving ecosystem for years.
Suddenly, XRP isn’t just a tired old payment token you know, it’s gearing up to be an active DeFi player.
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XRP to decentralized apps
Axelar, the cross-chain communications maestro, agrees. Sergey Gorbunov, Axelar’s co-founder, sees mXRP as part of a big-picture move to connect XRP with other blockchains.
This could open doors to stablecoin liquidity, lending markets, and maybe even more exotic DeFi sorcery.
The ripple effect doesn’t stop there. Flare Network just launched FXRP, another wrapped XRP that’s itching to plug into decentralized apps.
Together with mXRP, these tools mark a turning point, where XRP breaking free from its payment-only role, strutting into the bustling DeFi economy wearing shiny new digital boots.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
