The attractiveness of Ripple USD (RLUSD), XRP and the entire XRP Ledger has been spotlighted by developer Panos Mekras. Taking to his X account, Mekras commended a new incentive program spearheaded by First Ledger to reward RLUSD holders.

XRP Ledger liquidity growing

In less than 24 hours, First Digital had recorded up to $500,000 in XRP liquidity as holders chose to leverage the 12.8% APR offer on the XRP/RLUSD liquidity pool.

The concept of liquidity pools is as old as the first AMM, Uniswap. Users lock up their funds for a period and earn rewards as the funds power various DeFi activities.

According to Mekras, he and his team had a similar idea in 2025 as a way to bootstrap the XRP/RLUSD liquidity pool. However, he noted that the Ripple team felt negatively toward the prospect and largely disregarded its proposal.

This is a great incentive program by @First_Ledger. Almost $500K of liquidity added in a few days. By the way, we had the same idea last year and proposed this to Ripple (along with some other great ideas) to bootstrap the XRP/RLUSD liquidity on the DEX and increase volumes and… https://t.co/oaU6h9780M?from=article-links

— Panos 🔼🇬🇷 (@panosmek) March 3, 2026

As he pointed out, the proposal now appears to be working for First Digital. Since this claim has started generating interest in the community, Mekras clarified in an early post that Ripple has a department for XRP Ledger.

He believes that with one billion XRP earmarked for the community and its builders, there will be a significant change in the ecosystem. 

XRP Ledger and DeFi counterparts

Despite the $500,000 raked in as liquidity into First Digital, the entire XRP Ledger is still lagging behind significantly as concerns DeFi adoption.

You Might Also Like
Tue, 03/03/2026 - 13:58 Altcoins Bleed: 38% Hit Multi-Year Lows in Cycle's Worst Dip Post-FTX CrashByTomiwabold Olajide

By a large margin, Ethereum dominates the scene with a Total Value Locked pegged at more than $52.8 billion. This figure compares to XRP Ledger, with less than $47 million.

XRPL is also underperforming in terms of other important metrics like fee generation and active addresses. The recommendation from Panos Mekras for Ripple to support the ecosystem with developer grants is perhaps one of the first steps in positioning for a better market share.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。