A recent 166-page cryptocurrency report published by the White House major market players Bitcoin, Ethereum, Solana, Chainlink, and Uniswap but notably omits XRP, despite its position as the third-largest cryptocurrency by market capitalization.
While XRP’s regulatory standing faces renewed questions due to the omission, ecosystem activity ramps up elsewhere. Staking figures for meme token Shiba Inu (SHIB) have surged significantly, exceeding 4.6 trillion tokens staked. This staked amount is valued at over $58.7 million, reflecting strong investor confidence in SHIB’s DeFi applications.
Concurrently, Ripple is strategically bolstering its DeFi efforts within the XRP ecosystem. The company has appointed a dedicated Vice President of Partnerships for its RippleX division. This newly created role is tasked specifically with negotiating partnerships and accelerating the expansion of the XRP Ledger’s institutional decentralized finance (DeFi) presence, aiming to drive increased asset volume and market capitalization.