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XRP Ledger's Unusual DeFi TVL Plunge: A Ripple Effect or Mind Tricks?
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Unusual drop in DeFi Total Value Locked (TVL) on XRP Ledger, falling from $12 million to $431,355 within 24 hours. This suggests a lack of confidence in the XRP Ledger. Despite this, new partnerships and the introduction of US Treasury bills and NFT services on the XRPL demonstrate ongoing development and adoption. XRP's price and trading volume also reflect the market decline. Image(s) are kindly provided by Loremflickr Our analysis of the situation Have you ever seen a roller coaster take a nose dive before climbing up a steep slope? Well, brace yourself, because that's precisely the wild ride the XRP Ledger's Decentralized Finance (DeFi) Total Value Locked (TVL) has been on recently. In a plot twist that would make even the most seasoned investor do a double-take, the XRPL has witnessed a jaw-dropping drop in TVL in just 24 hours. From over $12 million to a mere $431,355, it seems like the TVL decided to take a spontaneous trip to the bargain bin. What could possibly have prom...
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