According to the latest data, the total amount of the XRP blocked in the Defi pools increased in Defi pools, 140 665 XRP was reached as of May 2, according to the latest data of the monitoring company in the chain, XRPSCAN.
This marks a noticeable milestone for the XRP community, signaling the increase in liquidity, since the demand for the Defi -based platform based on the XRP continues to grow significantly.
X -ray liquidity takes off
Since investors are increasingly showing interest in the third largest cryptocurrency in accordance with market capitalization, they continued to pump more funds into AMM protocols. AMM pools are mechanisms that allow liquidity on the XRP Ledger Dex.
The data show that the total amount of AMM active bullets providing XRP liquidity reached 19.647, which significantly increased by more than 45% compared with 13,422 AMM bullets registered at the beginning of the year.
Although the cause of the blocking XRP is not indicated, the bull movement may be associated with a growing interest among XRP users in order to maximize profits due to fees received from disposal actions. This demonstrates strong confidence among XRP investors in his future potential and the ability to bring greater income for holders.
This impressive growth follows a significant increase in the number of active users in the XRPL network. The data from the XRPSCAN also show that the number of unique addresses performing the XRP transactions remains higher than 20,000, while the total number of transactions made per day exceeded 1,624,697.
This reflects the increased interest and use of XRP, since the blockchain continues to add new utilities, increasing its adoption in achieving the main appeal.
This impressive surge coincides with noticeable events in the XRP ecosystem, contributing to a change in market moods and renewable interests among retail and institutional investors.
Against the background of numerous bull signals predicted by leading altcoins, his recent price movement also caused optimism among investors in a period that is considered a new bull market.
The data from CoinmarketCap show that XRP is traded with optimism in the last week, despite the fact that they showed mixed signals. Thus, over the past seven days, it has grown by 0.90% and is currently at the level of $ 2.21.
