The attractiveness of Ripple USD ($RLUSD), $XRP and the whole $XRP Ledger has been spotlighted by developer Panos Mekras. Taking to his X account, Mekras recommended a brand new incentive program spearheaded by First Ledger to reward $RLUSD holders.
$XRP Ledger liquidity rising
In lower than 24 hours, First Digital had recorded as much as $500,000 in $XRP liquidity as holders selected to leverage the 12.8% APR supply on the $XRP/$RLUSD liquidity pool.
The idea of liquidity swimming pools is as outdated as the primary AMM, Uniswap. Customers lock up their funds for a interval and earn rewards because the funds energy varied DeFi actions.
In response to Mekras, he and his workforce had an identical concept in 2025 as a option to bootstrap the $XRP/$RLUSD liquidity pool. Nevertheless, he famous that the Ripple workforce felt negatively towards the prospect and largely disregarded its proposal.
This can be a nice incentive program by @First_Ledger. Virtually $500K of liquidity added in a number of days. By the best way, we had the identical concept final 12 months and proposed this to Ripple (together with another nice concepts) to bootstrap the $XRP/$RLUSD liquidity on the DEX and improve volumes and… https://t.co/oaU6h9780M?from=article-links
— Panos 🔼🇬🇷 (@panosmek) March 3, 2026
As he identified, the proposal now seems to be working for First Digital. Since this declare has began producing curiosity locally, Mekras clarified in an early publish that Ripple has a division for $XRP Ledger.
He believes that with one billion $XRP earmarked for the neighborhood and its builders, there might be a major change within the ecosystem.
$XRP Ledger and DeFi counterparts
Regardless of the $500,000 raked in as liquidity into First Digital, the whole $XRP Ledger remains to be lagging behind considerably as considerations DeFi adoption.
By a big margin, Ethereum dominates the scene with a Whole Worth Locked pegged at greater than $52.8 billion. This determine compares to $XRP Ledger, with lower than $47 million.
XRPL can also be underperforming when it comes to different necessary metrics like payment technology and energetic addresses. The advice from Panos Mekras for Ripple to assist the ecosystem with developer grants is probably one of many first steps in positioning for a greater market share.
