Axelar, Midas, and Lista DAO launched mXRP on the BNB Chain at XRP Seoul 2025, engaging over 3,000 XRP holders.
This launch unlocks XRP liquidity, fostering cross-chain DeFi, attracting institutional interest, and reshaping yield opportunities across involved blockchain ecosystems.
The launch of mXRP by Axelar, Midas, and Lista DAO introduces a liquid-staking token on BNB Chain. This marks a major event, enabling new liquidity dynamics across the XRP, Axelar, and Binance ecosystems.
Axelar, led by Sergei Gorbunov and Georgios Vlachos, introduced mXRP as a testament to their platform’s capability in real-world applications.
“The mXRP token demonstrates the power of Axelar’s platform to deliver real-world applications.” — Georgios Vlachos, Co-founder, Axelar.Midas and Lista DAO are instrumental in deploying this token, facilitating its integration into various chains.
mXRP Aims to Unlock $170B XRP in DeFi Market
mXRP’s introduction is set to impact the DeFi landscape by unlocking up to $170B in idle XRP assets. It aims to enhance liquidity within the BNB ecosystem and increase adoption across related chains.
Institutional investments supported the launch, highlighting strategic backing from Arrington Capital and Electric Capital. Historically, such funding has facilitated interoperability and liquidity growth, indicating potential financial improvements across connected networks.
Midas and Axelar Pioneering Cross-Chain Yield Products
Previously, Midas initiated yield products for BTC and ETH markets, setting a precedent for mXRP’s tokenized yield efforts. Axelar’s earlier bridge initiatives for assets such as wstETH demonstrate their multichain asset mobility capabilities.
Expert analysis suggests that Axelar’s efforts could drive increased XRP involvement in DeFi activities. By leveraging past successes in bridging technologies, Axelar and partners anticipate an uptick in cross-chain participation.
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