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Here’s XRP Price As Market Expert Predicts XRP Dominance to Hit a 6-Year Peak

Sam Wisdom Raphael
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Here’s XRP Price As Market Expert Predicts XRP Dominance to Hit a 6-Year Peak

A widely followed market expert has predicted the XRP dominance to soar to a six-year peak, potentially pushing prices to new all-time highs.

The crypto market has stumbled in recent weeks, and XRP has not escaped the pressure. After climbing to $3.187 on Sept. 13, XRP yielded to the bears. It eventually broke below the $3 psychological mark on Sept. 21 and has struggled to find momentum since then.

Amid this decline, pseudonymous trader KriptoMessi has called attention to a bullish structure on the XRP dominance chart. Specifically, the analyst spotted a repeating pattern that could lead to a surge in XRP’s share of the total crypto market. He believes XRP dominance could climb to 6.19%, a level not seen in six years.

XRP Dominance Four-Step Fractal

KriptoMessi’s chart shows a four-step fractal around a descending trendline that has played out twice in the daily timeframe. The first occurrence started on March 19, when XRP dominance peaked at 5.35%, representing point one. 

From this top, dominance dropped lower through April and May, leading to the formation of the first descending trendline. Amid the decline, a recovery emerged in mid-May, which pushed XRP dominance to 4.63% on May 14, retesting the trendline. He marked this as point two.

However, a rejection at point two ensured that the downtrend continued. By late June, dominance again rebounded and retested the descending trendline at point three when it reached 4.13%. After this, it then based out near 4.04% at point four. 

XRP Dominance Fractal KriptoMessi
XRP Dominance Fractal | KriptoMessi

Following this base, the XRP dominance broke above the first trendline in early July. Interestingly, the breakout led to a sharp upward push in early July, sending dominance to a peak of 5.53% on July 18, which coincided with XRP price rise to $3.6.

Meanwhile, the second occurrence came up in July and August. Specifically, the 5.53% top from July 18 represented the point one of the second occurrence. From here, XRP dominance entered another downtrend, forming a second descending trendline.

Dominance recovered in early August, revisiting the descending trendline at point two when it soared to 5.17%. It faced a rejection here and slipped again. However, another retest occurred when the XRP dominance recovered to 4.69% on Sept. 13 at point three.

A Potential Recovery to 6.19%

Again, a rejection followed, before dominance recently settled into a base near 4.54% at point four. Now that the XRP dominance has built another base at the second descending trendline, KryptoMessi believes the market has again built a platform for another upward move.

He expects a third occurrence to begin after this base. Following the consolidation at point four, XRP dominance could break free of the trendline and surge from the mid-4% region. The chart projects a run toward 6.19%, which would lock in the strongest dominance expansion for XRP in years.

Impact on XRP Price

Such a rally would have massive implications for XRP price. At the moment, the total crypto market cap sits at $3.78 trillion, while XRP holds a $170.51 billion valuation, giving it a 4.51% dominance share. 

If dominance reaches 6.19% without any change in overall market size, XRP’s market cap would rise to $234 billion. That figure would only slightly surpass July’s peak of $217 billion when XRP price touched $3.66, leading to a price of $3.91.

Meanwhile, if the broader market recovers to its all-time high of $4.17 trillion from August, the impact becomes larger. At 6.19% dominance, XRP’s market cap would hit $258 billion, pushing its price to a new record of about $4.32.

BlackRock Moves to Monetize Bitcoin Holdings Through Premium Income ETF

Zabi
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BlackRock Moves to Monetize Bitcoin Holdings Through Premium Income ETF

Asset management giant BlackRock has applied to form a Delaware trust company linked to its proposed Bitcoin Premium Income ETF.

The filing suggests the firm is preparing to add another cryptocurrency product alongside its record-breaking iShares Bitcoin Trust (IBIT).

Covered Call Strategy for Bitcoin

Unlike its flagship iShares Bitcoin Trust, which tracks Bitcoin’s price directly, the new ETF would operate differently. It plans to sell covered call options on Bitcoin futures.

This strategy allows the fund to collect premiums, generating income that can be distributed to investors. The trade-off is that the fund gives up part of the potential upside if Bitcoin’s price rises sharply.

In a post on X, Bloomberg ETF analyst Eric Balchunas described the move as a way to “give Bitcoin some yield.”

He noted that this would effectively serve as a sequel to IBIT, which has already become the largest spot Bitcoin ETF in the world.

Filing Suggests SEC Application Imminent

Registering a Delaware trust is often a prerequisite for submitting a formal application to the U.S. Securities and Exchange Commission. Companies typically follow with either an S-1 registration statement or a 19b-4 filing, both of which are necessary to seek approval for a new ETF.

Screenshot of BlackRock's latest filing by Eric Balchunas
Screenshot of BlackRock’s latest filing by Eric Balchunas

The filing arrives at a time when U.S. regulators are showing greater flexibility toward crypto assets. The shift aligns with President Donald Trump’s pledge to make the United States a hub for cryptocurrency innovation. 

IBIT Dominates the Market

BlackRock already leads the ETF sector through its iShares Bitcoin Trust. Since its launch in January 2024, IBIT has attracted more than $60.7 billion in inflows. This translates to holding over 768,285 BTC, making it the largest product of its kind. Fidelity’s rival fund, the Wise Origin Bitcoin Trust (FBTC), is far behind at $12.3 billion.

Solving Bitcoin’s Yield Dilemma

For many years, one major drawback of Bitcoin as an investment has been its lack of inherent yield. Traditional investors often prefer assets that can generate income through dividends or interest. Several companies have attempted to solve this issue. 

For context, Strategy’s STRK convertible preferred stock uses more than 639,000 Bitcoin to deliver regular income to investors. BlackRock’s proposed ETF would build on similar efforts, offering another option for those seeking both crypto exposure and stable payouts.

Clear Focus on Bitcoin and Ethereum

Despite growing speculation about altcoin ETFs, BlackRock appears cautious. ETF analyst Eric Balchunas noted that the company is focused on building around Bitcoin and Ethereum. For now, it is steering clear of products tied to smaller cryptocurrencies.

Balchunas added that this leaves the “horse race” for altcoin ETFs open to other issuers. Competitors may target different digital assets as they strive to capture new market segments.

Altcoin ETF Approvals Could Accelerate

Still, the competitive landscape is evolving quickly. As reported by The Crypto Basic, the SEC recently approved a generic listing standard that allows exchanges to list certain crypto ETFs without requiring a case-by-case review. This change could speed up approvals for products linked to alternative digital currencies.

Among the cryptocurrencies most often mentioned as potential ETF candidates are Litecoin, Solana, XRP, and Dogecoin. Such products would expand investor options, though BlackRock is content to concentrate on the two largest assets for now.

Top American Exchange Spotlights Cardano as Hoskinson Says ADA Will Break the Internet

Elendu Benedict
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Top American Exchange Spotlights Cardano as Hoskinson Says ADA Will Break the Internet

Cardano founder Charles Hoskinson’s bullish claims on the potential of Cardano have drawn the attention of the prominent American exchange Uphold.

Uphold responded to the September 19 tweet of Charles Hoskinson, where he said Cardano would break the internet. Uphold asks if Cardano enthusiasts are bullish on Cardano or not.

Specifically, the American-based exchange sought the thoughts of the crypto community on the audacious claims, inquiring whether it is a realistic feat for Cardano.

Bullish on Cardano?

Notably, Cardano has had a fair share of criticism. Some called it the “ghost chain,” while others claimed it is dead. Nonetheless, the ADA ecosystem has continued to stand tall, evidenced in recent developments.

First, the United States included ADA in its strategic crypto reserve, which also features prominent assets like Bitcoin, Ethereum, XRP, and Solana. Then, institutions began to show interest in Cardano through the Grayscale ADA spot ETF filing with the US Securities and Exchange Commission.

The price of Cardano has also continued to impress. Despite joining a broader market capitulation over the past seven days, it remains up over 100% from its price of $0.38 one year ago.

Moreover, Cardano remains focused on building, with upgrades and integration in the pipeline. It is on the back of these developments that Hoskinson took to X to assert that Cardano will “break the internet.” The audacious comment adds to his growing collection of similar claims on Cardano and also attracted a “BULLish” response from 6-time NBA champion Scottie Pippen.

Mixed Community Reactions Trail Uphold Inquiry

Meanwhile, Uphold’s inquiry whether Hoskinson’s comment was bullish for Cardano or not was met with mixed community reactions. One user, BigDave, shares a positive outlook for ADA price, predicting it will rebound from recent lows and target a minimum price of $1.55 by the year’s end.

However, some others believe nothing would happen for Cardano. A reaction claimed to have heard such bold comments before, with no actual output. Others expressed pessimism about the broader market condition, as Bitcoin and altcoins have suffered severe price setbacks.

A Typical Hoskinson Statement About Cardano

Remarkably, this is not the first time that the IOHK founder has made audacious projections for Cardano. He has remained a big fan of his brainchild, persistently insisting that it is one of the best in the ecosystem and will someday receive the recognition it deserves.

Hoskinson recently claimed that Cardano is “decentralized, sound money,” and it shares that status only with Bitcoin, the largest cryptocurrency by market capitalization. This follows his earlier pronouncement that Cardano poses the biggest threat to Bitcoin’s dominance.

Expert Reveals 3 Conditions for Shiba Inu ETF U.S. Launch

Lele Jima
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Expert Reveals 3 Conditions for Shiba Inu ETF U.S. Launch

Shiba Inu community figure Luis Delgado has outlined the key requirements for launching a Shiba Inu (SHIB) exchange-traded fund (ETF) in the United States.

The idea of a Shiba Inu ETF has been a growing topic of discussion within the SHIB community. In recent months, asset managers have competed to launch ETFs for altcoins such as Solana, XRP, and even Dogecoin—Shiba Inu’s primary rival.

However, despite the growing momentum in the altcoin ETF space, there have been no official ETF filings for Shiba Inu in the U.S. so far.

In a recent post on X, Delgado, known in the community as Del Crxpto, shared his insights on what it would take to bring a SHIB ETF to the U.S. market.

3 Criteria to Bring Shiba Inu ETF to the US Market

For Delgado, introducing a Shib Inu ETF in the U.S. is more than just submitting an application to the SEC. He emphasized that it requires meeting three key criteria.

Clean Name

Delgado stressed that the entity applying to launch a SHIB ETF must have a “clean name”. This may mean a solid brand reputation and public credibility.

One major hurdle is the anonymity of the SHIB team, which operates under pseudonyms. This lack of transparency could pose a regulatory challenge. To gain the SEC’s confidence, Delgado believes a well-known and reputable asset manager must sponsor the ETF.

Clean Face

In addition to a credible brand, Delgado pointed to the need for a “clean face”. This could mean trusted leadership and strong public representation.

Given Shiba Inu’s origins as a meme coin, institutional investors and regulators will likely expect the involvement of experienced professionals.

Compliant Strategy

Lastly, Delgado emphasized the importance of a compliance strategy, noting that any SHIB ETF proposal must be carefully structured to comply with U.S. securities regulations.

Delgado Hints at Hidden Race for SHIB ETF Launch

Delgado’s comments come shortly after he hinted that multiple firms are quietly preparing to launch a Shiba Inu ETF in the U.S. Notably, he confirmed that he is among the contenders in this behind-the-scenes race.

According to him, he meets all three criteria required of a prospective SHIB ETF issuer. While he aims to be the first to launch such a product in the U.S., he acknowledged that multiple funds are likely to receive approval over time.

So far, no official application has been submitted for a Shiba Inu ETF. However, speculation intensified after Coinbase introduced the 1k Shib Index—a regulated futures contract linked to the token. Enthusiasts described the move as a key step toward the eventual launch of an ETF.

While Shiba Inu has yet to see an ETF filing in the U.S., leading ETP issuer Valour Inc. recently launched a SHIB-focused exchange-traded product in Europe. As reported earlier, the ETP made its debut last month on Sweden’s Spotlight Stock Market, exposing investors to the performance of SHIB.

XRP Could See Large Expansionary Move Within Months: Investment Research Firm

Abdulkarim Abdulwahab
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XRP Could See Large Expansionary Move Within Months: Investment Research Firm

Independent investment research firm Sistine Research believes XRP is preparing for a powerful price breakout.

This bullish call comes as XRP has dipped by 9% since last week, losing the psychological $3 level. It now trades at $2.75 after facing rejection at the $2.995 level yesterday.

Despite the short-term setback, a growing number of market watchers and researchers believe green days are around the corner.

In a tweet, Sistine Research noted that XRP has entered its third major compression phase since the U.S. election last November. For context, this pattern occurs when price action narrows into a steadily tighter range, reflecting a build-up of market pressure.

Liquidity Gaps Could Amplify the Breakout

As the price range tightens, the number of buy and sell orders becomes concentrated within a narrow band. This creates large gaps where there aren’t many orders just outside this range.

Accordingly, when XRP breaks out of this narrow range, these gaps can allow the price to move up rapidly because there aren’t many orders to slow it down.

Past Patterns Support This Idea

In the past, XRP has experienced similar compression phases followed by massive price increases. Three particular moments in XRP’s history stand out:

  • The early 2017 price breakout from $0.0054 in February to $0.43 in May, netting nearly a 100x surge in 12 weeks.
  • Following another compression after that surge, XRP expanded again by November that year, rising from around $0.18 to $3.84. This marked an over 21x price breakout in less than 12 weeks.
  • More recently, a compression and expansion occurred from November 2024, with XRP rising from $0.50 to a peak above $3.40 by January 2025, netting a 7x surge. A continuation followed by July, when XRP reached $3.60.

Currently, the compression pattern is forming again, and a breakout is due. Sistine Research says this is the tightest and most explosive pattern yet. In other words, if the trend holds, XRP could see a powerful price move within the next few months.

XRP weekly chart showing history of compression and expansion by Sistine Research
XRP weekly chart showing history of compression and expansion by Sistine Research

How High Can XRP Go?

While Sistine Research offered no specific target for how high XRP could go, other analysts have been vocal about their price predictions.

For instance, analyst Matt Hughes sees a potential 773% rally, citing Fibonacci extension targets at $8.30, $13.39, and $26.63. A move to the highest target would turn 40,000 XRP into over $1 million. Fellow analyst EGRAG supports a similar $27 outlook.

Hughes, comparing XRP to Solana’s recent breakout, commented, “XRP wants to play too,” suggesting the coin may follow other major crypto assets in a big move.

In a separate analysis, EGRAG forecasts XRP to surge by 1,000% to $33, particularly if the altcoin market leader, Ethereum, soars to $33,000 based on historical pattern overshoots.

Moreover, he bases XRP’s $33 target on past Fibonacci extensions and a major triangle breakout, both supporting a bullish outlook near $31–$33. If realized, XRP’s market cap would reach around $2 trillion.

Analyst Says XRP Patterns Repeat but You Keep Ignoring It, Sets Two-Digit Price Target

Sam Wisdom Raphael
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Analyst Says XRP Patterns Repeat but You Keep Ignoring It, Sets Two-Digit Price Target

A well-known analyst believes XRP could ride on a bullish historical pattern to loftier targets, insisting that patterns repeat, but most tend to ignore them.

This commentary came from EGRAG Crypto, an XRP permabull who has persistently called for an imminent XRP price run this bull cycle. In his latest analysis, the market watcher took a more condemnatory approach, criticizing other analysts who have instead projected much lower targets for XRP.

“Patterns Repeat, But You Keep Ignoring It”

EGRAG claimed these lower targets breed confusion among market participants, especially as he has persistently noted that past trends point to higher prices. According to him, these past patterns have continued to leave clues of an impending explosive XRP surge, but many keep ignoring it.

He insisted that he is not overlooking these clues. Interestingly, his latest analysis contains one such clue from historical patterns, pointing to a potential rally for XRP toward the $15 to $33 price range.

According to him, historical data confirms that XRP has always formed an ascending triangle during the last phase of every cycle. Specifically, the ascending triangle takes shape during a consolidation phase following an initial uptick in price.

XRP Repeating Historical Ascending Triangle Pattern

EGRAG suggested that when this triangle forms during the post-rally consolidation, it indicates that the market is witnessing a period of re-accumulation before engineering the last explosive run. When it’s time to run, XRP often breaks above the triangle’s upper trendline, corrects to retest the breakout before exploding to new ATHs.

Data from the chart shows that this pattern occurred in 2017 and 2021. Specifically, in 2017, XRP first surged from $0.005 in March to a peak of $0.3988 in May 2017. However, after this initial rally, it slipped into consolidation, forming the ascending triangle. Interestingly, when it broke out in November 2017, it corrected to retest the breakout before soaring to a new ATH of $3.3 in January 2018.

XRP 1W Chart EGRAG Crypto
XRP 1W Chart | EGRAG Crypto

A similar trend occurred during the 2020/2021 run. Notably, XRP initially soared from $0.24 to $0.44 in November 2020 and then entered a consolidation phase, forming the ascending triangle. It broke out in March 2021, dropped to retest the breakout, and then soared again to the $1.96 peak in April 2021.

In the current cycle, XRP witnessed the initial surge when it rallied from $0.5 in November 2024 to $3.4 in January 2025. Since then, it has faced bearish pressure, consolidating within the ascending triangle. EGRAG’s chart indicates that XRP still trades within this triangle, but a breakout is imminent.

XRP Targets $15 to $33

According to the market analyst, the 2017 breakout led to a 350% surge to $3.31 while the 2021 breakout resulted in a 110% rise to $1.96. He believes XRP could take any of these paths. Notably, if XRP repeats the 2021 run, it would rise 110% from the breakout point to $15. Nonetheless, if it follows the 2017 fractal, it could soar 350% to $33. He branded November 27 as his start point.

However, EGRAG also called attention to the Bull Market Support Bond. For the uninitiated, this is an important level XRP needs to maintain for the pattern to hold. Each time the ascending triangle pattern has played out, XRP has held above the BMSB except for a fakeout that occurred in 2020 when the SEC sued Ripple.

He insists that XRP must maintain the support at the BMSB, which currently sits at around $2.7, while XRP trades for $2.75. Even with this, EGRAG confirmed that 57% of the time, ascending channels break down, only breaking up 43% of the time. He believes this is one of the factors behind the current investor angst.

Pundit Says People Don’t Realize How Little XRP is Left, Here’s Why

Sam Wisdom Raphael
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Pundit Says People Don’t Realize How Little XRP is Left, Here’s Why

An XRP community pundit believes most market participants underestimate how scarce XRP’s available supply has become. 

In a recent commentary, Ripple Van Wickle argued that almost half of the entire supply has already been allocated to Ripple, its founders, and a small group of early institutions. He believes this supply is locked up, as such entities will likely continue to hold onto their bags.

XRP Has a Limited Supply

The market commentator suggested that retail investors only hold what he called scraps, while large investors have not even begun to take their positions. To him, XRP’s current price at the upper $2 mark should act as a signal of what lies ahead, not the top of the market.

In a separate post, he argued that people mostly overlook what he believes is an ongoing XRP supply squeeze. He claimed that retail ownership has dropped to less than 20% of the supply, which means the available float could disappear once institutions begin buying in volume. 

According to him, at the current price position, XRP price discovery has not even started, and when larger whales enter the market, the adjustment will be sharp and fast.

Over 40% of XRP Supply Accounted For

Notably, Ripple Bull Winkle’s comments built on an earlier analysis from fellow community commentator 24HrsCrypto, who raised the same concern about how little XRP remains accessible. 

According to 24HrsCrypto, Ripple’s escrow accounts currently hold about 37.3 billion XRP, or 37.3% of the supply, although updated numbers suggest those accounts now contain 35.31 billion XRP. He claimed that Ripple also controls 3.5 billion XRP in liquid form, while co-founder Chris Larsen holds 2.3 billion XRP and Arthur Britto owns 1.3 billion XRP.

These allocations alone cover more than 40% of the total supply before considering institutions. 24HrsCrypto pointed out that institutions have already started to build positions. According to him, Purpose ETF holds 29.6 million XRP, and 3iQ manages another 45 million XRP. 

He emphasized that these two are relatively small firms compared to trillion-dollar giants. Notably, the XRP community awaits spot ETFs next month. The pundit estimated that retail investors may only control about 15% of the entire supply. 

Speaking further, he warned that once firms like JPMorgan, Wells Fargo, and Goldman Sachs move into the market, billions more XRP will likely vanish into cold storage. At the time of his remarks, XRP traded at $2.91, and he said he would revisit this price later to prove his point.

Yield-Bearing Projects and Declining Exchange Supply

These warnings about an incoming supply crunch have gained momentum at a time when exchange reserves appear to be dwindling and yield projects emerge that could lock up even more XRP. 

A recent report showed that Coinbase’s XRP cold wallets fell from 52 wallets holding 970 million XRP in June to just two wallets containing 32 million XRP by September 20. 

Interestingly, the latest data from XRPScan shows Coinbase has now emptied those last two wallets as well. Market watchers have linked this to shrinking XRP reserves on Coinbase, but the exchange has not made any official confirmations.

Meanwhile, the XRP community has seen the launch of two new yield-bearing projects designed to tie up more supply. For context, this week alone, Axelar introduced mXRP, and Flare launched FXRP. 

Notably, four hours after going live, FXRP already maxed out its first weekly cap of five million XRP, and the team confirmed it will increase the cap this week. 

It bears mentioning that Axelar aims to lock 5% of the circulating supply with mXRP, while Flare is targeting five billion XRP, or about 8%. Together, both projects could absorb 13% of the circulating supply. If they reach these goals, the “supply shock” theory could start becoming a reality.

Nine Major European Banks Unite to Launch Euro Stablecoin

Zabi
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Nine Major European Banks Unite to Launch Euro Stablecoin

Nine of Europe’s largest banks have come together to launch a euro-backed stablecoin, aiming to transform the continent’s digital payments landscape. 

The initiative will operate under the European Union’s Markets in Crypto Assets (MiCA) regulation, which governs digital currencies across the region.

The founding members include ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International. By pooling their resources, the banks plan to create a payment instrument that can serve as a reliable alternative to existing options in the global market.

A European Alternative to USD-pegged Stablecoins

The participating banks highlighted that the project is not just about technology, but also about strategic independence. Today, the stablecoin market is dominated by USD-backed tokens such as Tether (USDT) and USD Coin (USDC). Europe, they argued, needs a homegrown option that reflects its own financial sovereignty.

According to the group’s joint statement, the euro-backed stablecoin will provide a European standard for digital payments. It promises near-instant settlement, lower transaction costs, and 24/7 availability, features often missing in traditional banking systems. The coin will also support programmable payments, supply chain efficiencies, and digital asset transactions.

Timeline and Regulatory Path

The first issuance of the stablecoin will be in the second half of 2026. To prepare, the consortium has established a new company in the Netherlands, which will act as the operational hub. This entity will apply for a license as an e-money institution from the Dutch Central Bank.

The governance model is designed to be adaptable, enabling more banks across Europe to join the consortium over time and expand the network’s reach. The group also plans to appoint a Chief Executive Officer soon, subject to regulatory approval.

Services for Customers and Businesses

Beyond issuing the stablecoin, individual banks will be free to develop their own customer-facing services. These could include stablecoin wallets, custody solutions, or integration into existing mobile banking apps. The banks believe this flexibility will make adoption easier for both retail clients and corporate users.

Floris Lugt, Head of Digital Assets at ING, emphasized that innovation should go hand in hand with collaboration. He highlighted that digital payments bring significant transparency and efficiency, but stressed the importance of the industry adopting common standards.

According to Lugt, banks cooperating on blockchain-based solutions will be key to ensuring interoperability across Europe.

The development follows other moves in the region. Earlier this week, Société Générale’s blockchain arm, Forge, announced that its own euro stablecoin had gone live under MiCA rules. The French bank also introduced a dollar-pegged token, USDCV, which was listed on the Bullish Europe exchange.

Perp DEX Volume Hits Record $67B as BNB’s Aster Overtakes Hyperliquid

Abdulkarim Abdulwahab
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0
Perp DEX Volume Hits Record $67B as BNB’s Aster Overtakes Hyperliquid

Total perpetual DEX trading volume across major networks surged past $67 billion on Wednesday, marking a second consecutive daily record.

Among the leading protocols, Aster, built on BNB Chain, registered a daily volume exceeding $35 billion, half of the entire perpetual DEX market.

Other rival DEXs, zkLighter (on Arbitrum) and Hyperliquid (on its own Layer-1 blockchain), posted over $10 billion in daily volume. Platforms such as EdgeX and Paradex also cleared the $1 billion threshold.

Perp DEX Volume of various chains
Perp DEX Volume of various chains

Aster’s Explosive Growth

Notably, Aster is the latest breakout story in the crypto scene. CoinGlass data shows the token’s open interest soared from $3.72 million on Friday to $1.3 billion as of today, a 34,841% increase in a week.

At the same time, DefiLlama reported Aster’s total value locked (TVL) jumping from $625 million to $2.15 billion, a 244% gain over the same period.

DefiLlama recorded $24.7 billion in 24-hour perpetual trading volume for Aster on Wednesday, outpacing Hyperliquid’s roughly $10 billion. EdgeX and zkLighter followed with about $8.25 billion and $6.18 billion, respectively.

As of today, Aster’s 24-hour perpetual trading volume has exceeded $35.8 billion. However, Hyperliquid remains the long-term leader with $66 billion in seven-day volume and close to $300 billion over 30 days.

Aster's Daily volume on BNB Chain Dashboard
Aster’s Daily volume on BNB Chain Dashboard

The massive growth in Aster’s trading volume closely followed an extraordinary price surge after the token’s debut.

For context, it launched just last week at $0.02 but has since soared by 12,065%, reaching an all-time high of $2.43. The price action coincided with massive accumulation by whales.

The Main Driver of the Moonshot

Aster’s rapid growth has been fueled by strong backing. Specifically, BNB Chain confirmed that the project received support from YZi Labs (formerly Binance Labs), including mentorship and ecosystem exposure.

In parallel, CoinMarketCap’s CMC Launch program boosted Aster’s visibility. It generated 400 million homepage banner views, over 3 million tweet views, 1.5 million live event views, and hundreds of thousands of clicks to Aster’s project page.

CMC Launch lead Jin Choo clarified that Aster was chosen purely on merit, citing innovation, market potential, and community traction. He stressed that Binance and CoinMarketCap operate independently, and that Binance had no influence over the project’s inclusion.

Market Perspective

Industry watchers see Aster’s launch as a sign of how the perpetual DEX market is evolving. Faraday Future founder YT Jia noted that Aster delivers a CEX-like experience, offering features like hidden orders to prevent MEV, bridgeless multi-chain support, and high leverage.

At the same time, it follows a community-first token model, with over 50% of tokens going to users. 

Jia said that success in the DEX space now depends more on user experience and real community incentives than on decentralization alone.

Ripple CEO Praises XRP Community in Latest Message

Lele Jima
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Ripple CEO Praises XRP Community in Latest Message

Ripple CEO Brad Garlinghouse praised the XRP community’s passion and global presence, commending their strong participation at XRP Seoul.

Garlinghouse’s remarks come in response to an announcement from XRP Seoul’s official X handle, which celebrated the overwhelming success of its first event. 

The XRP Seoul 2025 event took place on September 21 during the Korean Blockchain Week. Community members hailed the gathering as one of Asia’s most influential events dedicated to the XRP ecosystem and the broader Web3 space. 

Organizers reported that more than 3,000 participants from over 40 countries attended the inaugural conference, united by a shared mission to advance the future of XRP and the XRPL ecosystem. 

The team also showcased video highlights that captured the large turnout and key moments, such as fireside chats and keynote speeches from top crypto stakeholders, including Ripple’s president, Monica Long. 

Ripple CEO Praises XRP Community 

Reacting, Garlinghouse commended the global XRP community for their unwavering commitment and ability to show up in force. This was evident in the strong turnout at the recently concluded XRP Seoul 2025 event. 

Meanwhile, he also congratulated the XRP Seoul team on the success of the inaugural conference, while noting Ripple’s excitement for future gatherings. 

This is not the first time Ripple’s CEO has openly praised the XRP community. Following the XRP Las Vegas conference earlier this year, which saw its highest attendance since inception, Garlinghouse noted that the steady growth reflects the strength and dedication of the XRP community. 

In 2023, he also expressed gratitude to the XRP community for supporting Ripple throughout its legal tussle against the SEC. With attorney John Deaton’s involvement in the case, XRP community members submitted 3,000 affidavits—evidence the judge cited in ruling that programmatic sales of XRP do not constitute securities. 

Key XRP and Ripple Developments at XRP Seoul 2025 

Besides offering a networking platform for community members, XRP Seoul 2025 also sparked major developments for the ecosystem. At the event, Georgios Vlachos, co-founder of Axelar Network, announced the launch of the first liquid staking token, mXRP, on the XRP Ledger, with a target annual return of up to 10%. 

In addition, Ripple also unveiled a major strategic move through its Senior Director of Ecosystem Growth, Christina Chan. According to Chan, Ripple intends to set up a new Asia-Pacific (APAC) hub in South Korea to strengthen its leadership in the region. 

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