XRP ranks fourth in market cap, closely competing with BNB. Beyond fast, low-fee cross-border payments, XRP is expanding into decentralized finance (DeFi) through the XRP Ledger. BullishXRP is one of the most popular cryptocurrencies worldwide. Its market cap is neck-and-neck with BNB to rank number four by this metric.
Its main use case is fast, low-fee cross-border payments, but the XRP Ledger is opening up an entirely new use case for XRP tokens—decentralized finance (DeFi). Ripple’s February Ledger Update outlines XRP’s pivotal role for investors, noting its top-four market cap standing and its proximity to BNB. The report highlights XRP’s core use case—fast, low-fee cross-border payments—and explains how the XRP Ledger is enabling decentralized finance (DeFi) on its platform.
In addition to payments, the XRP Ledger is fostering DeFi projects that expand XRP’s utility beyond traditional transfers. Market data show XRP neck-and-neck with BNB for the fourth spot, underscoring its competitive presence among leading crypto assets. With DeFi adoption growing on the XRP Ledger, investors should watch for changes in demand for XRP tokens and potential price implications as DeFi activity expands.
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