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Here’s What Real XRP All-Time High is, According to Ripple CTO

Sam Wisdom Raphael
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Here’s What Real XRP All-Time High is, According to Ripple CTO

Ripple CTO David Schwartz has again debunked claims that XRP still trades below its January 2018 all-time high despite the recent run.

For context, XRP recently climbed to a local high of $3.66 during the latest market-wide rally. However, the surge triggered discussions across the XRP community about whether XRP had just set a new all-time high or merely revisited older price levels. 

Has XRP Entered a Price Discovery Phase?

To join the discussion, U.S.-based crypto exchange Uphold, known for its support of XRP, asked if investors consider the latest XRP peak a new all-time high or if they still believe the recent high was still below the 2018 peak.

Responding, some users insisted XRP did reach $3.84 in January 2018, while others claimed the recent $3.66 move represented a new peak. One XRP investor said the debate didn’t really matter. Nonetheless, they pointed out that Ripple CTO David Schwartz previously dismissed the $3.84 figure as inaccurate.

The investor presented an April 2023 post from Schwartz. Notably, in the post, the Ripple CTO explained that earlier data showing XRP prices above $3 didn’t show actual market conditions. 

According to him, those numbers included exchange rates from platforms that converted foreign currencies, especially the South Korean won (KRW), into U.S. dollars using inflated conversion rates. Schwartz suggested at the time that XRP’s true all-time high sat closer to $2.80.

Ripple CTO Provides Clarification on XRP ATH 

Meanwhile, in a more recent response, the Ripple CTO maintained his stance. He said that very few people, if any, ever bought XRP above $3.30, unless they either overpaid or bought during a brief price spike. This challenged the belief that XRP reached $3.84 in 2018.

However, not everyone accepted this view. One proponent argued that someone must have bought XRP at $3.84 or even higher. They mentioned early XRP activity on exchanges like Poloniex, Yobit, and others, saying those platforms likely contributed to the higher figures many people still believe in.

In response, Schwartz explained that the $3.84 number likely came from average prices that included trading data from Korean exchanges. Those platforms listed XRP in Korean won and converted it to U.S. dollars using unrealistic exchange rates. To clarify his point, Schwartz highlighted an anomaly known as the Kimchi Premium.

For context, the Kimchi Premium describes a price gap where cryptocurrencies often trade higher on South Korean exchanges compared to global ones. The price difference comes from strong local demand, strict capital controls, and the challenges of moving money in and out of the country to profit from price differences.

XRP’s 2021 Peaks from International Exchanges Compared to Upbit

Interestingly, data from the 2018 bull run supports Schwartz’s explanation. For instance, Bitstamp, one of the most established global exchanges, showed XRP peaking at $3.31. Binance listed a high of $3.35, while Bitfinex showed $3.30. Also, Poloniex showed a price of $3.50. None of those matched the commonly cited $3.84.

Meanwhile, on Upbit, South Korea’s largest crypto exchange, XRP reached a high of 4,925 KRW in January 2018. At the time, the KRW/USD rate sat at about 0.00093, which pushed the converted price to around $4.4. This inflated number shows the Kimchi Premium in action.

As a result, Schwartz’s disclosure suggests XRP has already moved into price discovery with its recent $3.66 high. If the most reliable 2018 prices sat between $3.30 and $3.5, then XRP’s latest rally pushed it into uncharted territory, regardless of the overstated numbers from Korean exchanges.

Here’s How Shiba Inu Could Make You $1 Million with a $100 Monthly Investment Until 2030

Abdulkarim Abdulwahab
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Here’s How Shiba Inu Could Make You $1 Million with a $100 Monthly Investment Until 2030

Shiba Inu has a prominent history of turning modest holdings into life-changing fortunes. 

This was particularly evident during the last crypto bull cycle, especially in 2020 and 2021. The coin, which launched with ten leading zeros, quickly erased six of them and massively rewarded early adopters who believed in its long-shot potential.

Since then, Shiba Inu has cooled off from its sensational price pumps. Its recent price action has been more subdued, but the SHIB community remains hopeful. Many still nurture ambitious outlooks for the coin, imagining a future where today’s disciplined holders could also become millionaires.

Amid this, the question arises: could a simple, consistent strategy like investing $100 per month, realistically turn into $1 million by 2030? Let’s break it down.

The Power of Consistency

One of the most overlooked strategies in crypto is dollar-cost averaging (DCA), which is investing a fixed amount regularly, regardless of price. This approach removes emotion from investing and lets time and market cycles do the heavy lifting. 

If you commit to investing $100 every month into SHIB from now until the end of 2030, that gives you roughly 5.5 years of accumulation. That’s 66 months, totaling $6,600 in contributions.

While that might not sound like a lot in the grand scheme, small-cap coins like SHIB have the unique ability to deliver exponential gains under the right conditions. The earlier you accumulate, especially at lower prices, the more tokens you can stack, and that’s the foundation for massive upside.

How Much SHIB Could You Accumulate?

The exact amount of SHIB you can accumulate will depend entirely on the coin’s average price during your investment window. 

If the token hovers near the current price of $0.000015, every $100 buys you 7.6 million SHIB tokens per month. Multiply that across years, and your total SHIB holdings could reach into the hundreds of millions.

But even if SHIB’s price drifts higher over time, your regular monthly investment ensures you still build a meaningful position, without needing to guess the perfect entry point.

What Price Does Shiba Inu Need to Hit?

Now, the big question: How high would SHIB need to climb for your accumulated holdings to be worth $1 million?

If you accumulate around 1 billion SHIB by 2030, you would need the coin to hit just $0.001 to reach millionaire status. On the other hand, if you only manage to stack 300 million SHIB due to a higher average price, the target price for millionaire status rises to roughly $0.0033.

When Can SHIB Price React $0.001 and $0.0033?

According to research by Changelly exchange, Shiba Inu’s price may reach $0.001 by January 2040. It expects the coin to proceed to $0.0033 by March of the same year.

Meanwhile, a separate report by Telegaon suggests SHIB may reach this price by 2035 in an ultra-bullish market.

Ultimately, Shiba Inu turning a $100 monthly investment into $1 million depends on how early you start and how low the price stays while you accumulate. The key is consistency and patience.

Top Trader Says Prepare to Exit During the Next XRP Move

Abdulkarim Abdulwahab
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Top Trader Says Prepare to Exit During the Next XRP Move

As XRP prepares to enter price discovery, renowned Bitcoin trader Tony Severino has warned investors that the next move could be explosive but short-lived.

His latest analysis suggests a parabolic rally is underway, and profit-taking should already be in motion. Notably, XRP has staged a monumental price run over the past few days, reaching $3.66 on Friday. This price marks one of its highest levels in the last seven years.

While impressive, Severino suggests the rally may just be beginning, but urges investors to consider locking profits soon.

XRP Breaks Out

In his analysis, Severino highlighted a massive breakout from a multi-year symmetrical triangle pattern that had kept XRP constrained since its 2018 peak. With the price now above $3 and building momentum, XRP has decisively exited its long-standing consolidation range.

This breakout mirrors the 2017 rally, during which XRP surged from under $0.01 to over $3 in a matter of weeks. Now, XRP appears to be following a similar pattern.

Its initial breakout from the seven-year consolidation occurred in November 2024, and by January 2025, XRP had reached $3.40 before entering a six-month consolidation.

Another breakout occurred in July, with XRP surpassing the January peak and reaching $3.66. Although the coin has cooled off since Friday, retracing to $3.30, analysts like Severino believe the rally is not yet over.

He is projecting a much more promising outlook for the coin. However, in his latest analysis, he did not specify how high XRP could go.

XRP monthly chart by Tony Severino
XRP monthly chart by Tony Severino

$13 Target Within 40 Days?

Meanwhile, in a previous chart, Severino suggested XRP’s final wave projection places the next top near $12.73, a 1,900% move from earlier price levels. He noted the similarities to past cycles, especially the 2017 run, where XRP’s parabolic rise occurred over just 42 days.

His forecast implies that the current rally could conclude within a similar time frame, by late August or early September, marking a peak in the ongoing cycle.

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Meanwhile, many other analysts have even more bullish outlooks for this year. For example, Dustin Layton has argued that XRP could reach $50, while others like Javon Marks believe the coin could hit $99.

“What’s Your Take-Profit Level?”

While the bullish breakout excites investors, Severino stresses the importance of planning an exit strategy before the hype peaks. He cautions that what follows this rapid ascent could be an abrupt decline. This view echoes past market cycles, where euphoria gave way to capitulation.

Notably, Severino suggested that his profit target is between $8 and $13. However, many XRP proponents considered the price outlook too low.

Essentially, with XRP entering what may be its final impulsive wave, Severino’s analysis emphasizes that now is the time to plan, not react.

Donald Trump Officially Signs the GENIUS Act in Landmark Victory for the Crypto Industry

Elendu Benedict
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Donald Trump Officially Signs the GENIUS Act in Landmark Victory for the Crypto Industry

Pro-crypto US President Donald Trump has officially signed the GENIUS Act, approving the first federal bill regulating stablecoins.

Trump was quick to affix his signatory approval to the stablecoin bill on Friday, a move he had long awaited. The passed bill provides a clear regulatory framework for US dollar-pegged digital currencies, making a significant victory for the crypto industry.

Trump Signs First-Ever Crypto Federal Bill 

The GENIUS Act passed in the US House on Thursday, after an earlier setback. Conservative Democrats and House GOP hardliners had repelled the bill two days earlier, citing its lack of provisions for restricting CBDCs.

Meanwhile, Trump convinced the hardliners to pass the stablecoin act, promising to add the now-passed Anti-CBDC Surveillance State bill to the National Defense Authorization Act. Following the Thursday passage, Trump has issued his executive approval to make the bill a law.

The pro-Bitcoin president stated that the bill will help sustain the US’s dominance in the sector, as well as the US dollar’s status as the world’s reserve currency. According to him, a sway from this is similar to “losing a world war.”

Notably, the stablecoin legislation provided certain measures to regulate issuers. Some of them include a requirement to maintain their reserves on a dollar-for-dollar basis in US Treasury bills and other similar vehicles. Citing this provision, David Sacks, the crypto and AI czar, earlier claimed that the bill will attract trillions to the US economy.

Moreover, senior Treasury officials also share a similar sentiment. They briefed reporters unanimously on Friday, insisting it would not just create visible regulation for stablecoins but also boost the adoption of cryptocurrency in the United States.

Remarkably, the GENIUS Act is the first-ever federal crypto bill passed in the US amid a push from the current leadership to allow the industry to thrive. It might be the first of many, as the CLARITY and Anti-CBDC Acts also passed in the US House on “Crypto Week.”

Industry Leaders Storm Event

Notable names in the crypto industry graced the occasion to witness the signing event firsthand. Coinbase’s CEO, Brian Armstrong, and Gemini’s Winklevoss twins, along with executives from Robinhood and Rumble, cheered on Friday as Trump approved the bill.

Interestingly, Trump acknowledged their presence, stating that the signing was a validation of their years of hard work to revolutionize the financial system. Furthermore, he noted that digital assets could be the next greatest revolution after the internet itself.

The bill’s approval further solidifies the growing adoption of digital assets in the United States. This has by far been the most crypto-friendly administration in the industry’s history, an environment that has boosted the growth of assets like Bitcoin.

Recall that Trump had earlier signed an executive order for the creation of a strategic crypto reserve. Under his watch, the US SEC has also dropped multiple lawsuits against cryptocurrency exchanges, including Coinbase, Binance, and Robinhood.

XRP as an Investment : Ripple Insider Calculates $56B Lost by Favoring Bitcoin Over XRP

Sam Wisdom Raphael
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XRP as an Investment : Ripple Insider Calculates $56B Lost by Favoring Bitcoin Over XRP

Former Ripple developer reveals a $56 billion missed opportunity from choosing Bitcoin over XRP, highlighting XRP’s overlooked investment potential.

A recent analysis shows that Strategy (formerly MicroStrategy) missed out on over $56 billion in extra profit by choosing to invest in Bitcoin over XRP.

Matt Hamilton, former Ripple developer and now Head of Developer Relations at ASIMOV Protocol, recently shared a revealing analysis showing that Strategy could have nearly doubled its profits if it had gone with XRP instead of Bitcoin.

Hamilton took a look at MicroStrategy’s full Bitcoin investment history and compared it to a hypothetical XRP investment using the same amounts and purchase dates. 

Interestingly, the calculations showed that XRP would have returned about $129 billion by now, nearly twice the current $72.2 billion value of Strategy’s Bitcoin portfolio. Notably, this represents missed gains of around $56.8 billion.

MicroStrategy Bitcoin vs XRP Portfolio Comparison Matt Hamilton
MicroStrategy Bitcoin vs XRP Portfolio Comparison | Matt Hamilton

Strategy’s Bitcoin Journey

For context, Strategy began its Bitcoin journey on August 11, 2020, buying 21,454 BTC for $250 million at an average price of $11,653 per coin. This move made the company the first publicly listed firm to adopt Bitcoin as its treasury reserve asset. From there, it kept adding to its stash in increasingly larger amounts.

Some of its largest purchases came up in December 2020, when it added 29,646 BTC at a cost of about $650 million. In February 2021, it followed up with another major buy of 19,452 BTC worth around $1.026 billion. Later that year, in June, it bought 13,005 BTC for $489 million, averaging $37,617 per coin.

The company continued its buying spree into 2024 and 2025. Between Nov. 1 and 10, 2024, it acquired 27,200 BTC for $2.03 billion at an average price of $74,632. Then in February 2025, it picked up 20,356 BTC for $1.9 billion, with Bitcoin averaging $97,514 at the time. 

Meanwhile, the most aggressive stretch came between Q4 2024 and Q1 2025, when it scooped up 218,887 BTC in a $20.5 billion push, nearly halfway to its $42 billion capital raising goal. Its most recent move happened between July 7 and 13, 2025, when it added 4,225 BTC for $472.5 million, paying an average of $111,827 per coin.

Today, MicroStrategy holds 601,550 BTC bought at an average price of $71,268 each. Altogether, it spent $42.87 billion on its Bitcoin portfolio. With the current value at $72.2 billion, the company has built an unrealized gain of around $29.4 billion.

XRP Treasury Gaining Momentum

However, Hamilton’s XRP analysis shows that Strategy could have done far better. When asked, he pointed out that the numbers didn’t even account for the market impact of MicroStrategy’s real-life Bitcoin buys. In reality, if the company had gone all-in on XRP, the added exposure and public attention could have boosted XRP’s price even more.

Interestingly, XRP is already gaining attention as a treasury asset, as several firms look to replicate Strategy’s playbook with the altcoin. Most recently, Everything Blockchain revealed plans to amass $10 million in XRP, joining the likes of Trident, Webus International, VivoPower, and a host of others. 

Deaton Says It’s About Time for XRP, Hails Price Pump as Long-Overdue Win for Holders

Lele Jima
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Deaton Says It’s About Time for XRP, Hails Price Pump as Long-Overdue Win for Holders

Pro-XRP lawyer John Deaton is celebrating XRP remarkable performance, suggesting that it was about time the token demonstrated its growth potential.

Indeed, the incredible performance of XRP has captured the attention of top industry stakeholders. Having reclaimed $3 just a few days ago, XRP has continued its upward surge toward loftier levels, eventually soaring above $ 3.50. 

“XRP is Showing Off”

Shortly after the breakout above $3.5, Michael Arrington, the founder of Arrington Capital, teased that the token was “showing off.” 

The accompanying screenshot shows that XRP’s price has soared 71.1% over the past 90 days to $3.53. Given XRP’s impressive run lately, Arrington suggested that it feels like the token is flexing its strength. 

It’s About Time 

In reaction, Attorney Deaton suggested that the breakout was a long-overdue relief for retail traders, who endured XRP’s price suppression for four years. 

Regulatory pressure from the SEC and the Ripple lawsuit negatively impacted XRP’s performance. The lawsuit prompted major U.S.-based centralized exchanges, such as Kraken and Coinbase, to delist XRP, driving its price below $0.18 in 2020/2021. 

Despite exchanges relisting XRP following a favorable ruling in July 2023, its price performance remained subdued. This was due to subsequent appeal filings by the SEC and Ripple, with some suggesting the lawsuit could linger until 2026 in the Second Circuit. 

However, the regulatory tension eased after the former SEC chairman, Gary Gensler, stepped down in November 2024. Moreover, the SEC and Ripple have agreed to withdraw their appeals. These developments paved the way for widespread retail and institutional adoption, eventually pushing the price above $3.50. 

Speaking on behalf of the 75,000 XRP holders he represented in the Ripple case, Deaton emphasized that it was time for the XRP price to take off. According to him, the rally was long overdue.

Mixed Reactions Trail XRP Rally 

Indeed, XRP’s latest rally has brought smiles to the faces of early investors who endured the storm. Specifically, widely followed analyst CrediBULL shared how his meager investment of $10,000 in XRP had ballooned to over $180,000. 

In December 2019, CrediBULL acquired 53,692 XRP for $10,000, with each costing $0.1835. At the time, he projected that the value of the investment would increase over the next four years, allowing him to purchase a Lamborghini. 

In an update yesterday, CrediBULL disclosed that the investment was valued at $186,000. With XRP hitting $3.65 today, the valuation of the 53,692 XRP tokens rose to roughly $196,000.

While most investors have seen incredible gains on their XRP investments, some, like Barstool Sports founder Dave Portnoy, are in regret. In a tweet yesterday, Portnoy admitted feeling guilty for selling the token too early and missing out on the rally.

Pundit Says Put All Your Money into XRP if You’re New to Crypto

Sam Wisdom Raphael
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Pundit Says Put All Your Money into XRP if You’re New to Crypto

Crypto Bitlord, a prominent market commentator, has urged all new crypto investors to commit their entire capital to XRP.

This bold charge comes on the back of the recent market-wide upsurge, which XRP has leveraged to claim new seven-year peaks above the $3 mark. While Bitcoin (BTC) hit new all-time highs during this run, XRP stood out as the best performer among the top 10, reaching a high of $3.66 at some point, which marked a 30.7% weekly gain.

“Take All Your Money and Go All Into XRP”

Amid this impressive rally, Bitlord’s optimism around XRP has soared, as the analyst expects further upside. Taking to X, he demonstrated this unwavering confidence by asking all new crypto investors not to even try to weigh their options in the market with much thought. According to him, they should take all their capital and put everything into XRP.

This commentary echoes consistent suggestions from crypto educator Edoardo Farina, who has persistently encouraged investors to amass at least 10,000 XRP tokens. Farina stressed at some point that he would not sell off his XRP holdings until the price hit $100.

Notably, Bitlord made similar bullish comments around XRP last year, when the price remained around the $0.50 to $0.60 range. However, he retraced his statements last July, as the price struggled in what now appears to have been a sarcastic commentary in hindsight. After Bitlord retraced his bullish statements, critics emerged, calling XRP a scam and wondering why people still buy it.

Months later, XRP broke out during the market-wide November 2024 uptrend. Following a rally above $1, Bitlord responded to these criticisms. Notably, any investor who paid heed and committed at least $50,000 to XRP at the time, when it changed hands around $0.60, would now be sitting on $289,000 at the current XRP price of $3.47.

However, Bitlord is confident that XRP still has more room for growth, and this has led to his latest charge. The market commentator is again urging investors not to miss out on this anticipated run. Interestingly, in previous instances, Bitlord had revealed what he believes could be XRP’s targets.

Bitlord’s XRP Targets

For instance, back in November 2024, while XRP still traded below the $2 price level, he suggested that its critics could end up in mental institutions when the price reached the $10 mark. At the current price of $3.48, XRP only needs a 187% increase to hit $10. For perspective, it rallied 283% in November 2024 alone.

Meanwhile, Bitlord has also not ruled out the possibility of an XRP rally to $1,000, one of the most ambitious targets within the community. Last November, he insisted that the $1,000 target was no longer a meme. Responding to the replies under the commentary, he noted that the criticisms do not bother him, as several critics also doubted XRP could reach $1 when it traded for $0.002. 

Ethereum Jumps $1,000 in a Week, Analyst Warns of Healthy Correction Ahead

Abdulkarim Abdulwahab
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Ethereum Jumps $1,000 in a Week, Analyst Warns of Healthy Correction Ahead

Ethereum (ETH) has experienced a monumental surge this week, gaining over $1,000 in just seven days and surpassing a price level it has not reached in six months.

While momentum remains strong, analysts are urging caution, as signs of a short-term correction are emerging.

Ethereum Enters Overbought Territory After Pump to $3,600

Ethereum’s rally began after breaking out of a prolonged consolidation phase between $2,400 and $2,800. After several weeks within this range, bulls ultimately prevailed and breached the supply zone around $2,800. This triggered aggressive buying, propelling Ethereum’s price to levels last seen in January.

The daily chart shows an explosive breakout with little resistance until the $3,600 level, where ETH is currently trading. Notably, the price reached $3,674 before cooling off.

Meanwhile, at this position, the Relative Strength Index (RSI) has entered overbought territory, indicating that the asset may be temporarily overextended. The price action has also formed a steep vertical climb, leaving previous liquidity zones behind.

Analyst Michaël van de Poppe highlighted this development in a tweet commenting on the rapid rise.

Pullback Is Coming

The chart accompanying his analysis suggests that while downside liquidity has been cleared, there is now “liquidity on the long side ready to be taken.”

This implies that traders may look to trap late long entries before initiating a pullback. Specifically, van de Poppe’s chart points to a potential correction of around 11.7% from current levels, which could bring ETH back to the $3,170 area.

This is likely a demand zone where buyers may re-enter before another leg higher.

Ethereum daily chart by Michaël van de Poppe
Ethereum daily chart by Michaël van de Poppe

Van de Poppe: “Corrections Are Healthy”

Van de Poppe emphasized that corrections are not a sign of weakness but a necessary phase to rebuild momentum. He also noted that Fridays and Saturdays are typically correction days in crypto markets.

In parallel, he urged market participants to use such dips to position themselves for the next uptrend. Essentially, the projected dip, should it occur, could present a strategic accumulation opportunity.

Meanwhile, at press time, Ethereum is still holding around the $3,600 level. Ongoing accumulation by whales and ETFs is further supporting price action. For context, Ethereum ETFs purchased $1.3 billion worth of ETH in the past two days.

SEC Considers ‘Innovation Exception’ to Drive Asset Tokenization After GENIUS Act Passage

Lele Jima
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SEC Considers ‘Innovation Exception’ to Drive Asset Tokenization After GENIUS Act Passage

Following the House’s passage of the GENIUS Act, SEC Chair Paul Atkins discloses that the commission is exploring an innovation exception to promote asset tokenization. 

During a press event, as reported by Bloomberg, Atkins noted that the SEC is currently exploring possible ways, including an innovation exemption, to incentivize asset tokenization within its regulatory framework. 

Under the exception, the commission could grant “novel trading models and narrowly-tailored regulatory waivers,” potentially facilitating the development of a fully tokenized securities ecosystem. 

SEC to Accommodate Asset Tokenization, Not Block It

The potential innovation exemption comes on the heels of financial institutions eyeing the tokenization of popular U.S. stocks. For instance, Robinhood recently introduced tokenized versions of over 200 U.S. stocks, including Nvidia, Microsoft, and Apple, for its European users. 

Notably, Atkins acknowledged the recent trend, noting that it is evident that traditional assets are moving onto the blockchain. Amid this development, the SEC is considering an innovation exception rule that will accommodate and support tokenization rather than blocking it.  

He emphasized that as long as an asset can be tokenized, it will be tokenized, suggesting that the commission would encourage this innovation. 

Atkins Praises GENIUS Act Passage 

Meanwhile, the SEC chair commended the passage of the crypto-related legislation, specifically the GENIUS Act.

Notably, the GENIUS stablecoin bill received bipartisan support in the House yesterday, with 102 Democrats crossing party lines to vote in favor of it. 

Overall, the regulation passed in a vote of 308-122 in favor of it. President Donald Trump is expected to sign the GENIUS Act into law today at 2:30 p.m. (ET).

Ahead of this historic event, the SEC Chair said he is eager for the president to sign the stablecoin legislation. 

He believes that once the legislation is enacted, it will be an essential step forward for the markets and innovators. Atkins suggested that the stablecoin legislation could also streamline payments in the broader financial ecosystem. He also believes the stablecoin law will play a crucial role in making the United States the leader in crypto. 

Since becoming SEC chair, Atkins has adopted a more lenient approach toward regulating the crypto industry. His approach contrasts with that of his predecessor, Gary Gensler, who many widely criticized for regulating the sector primarily through enforcement. 

Meanwhile, Atkins reiterated that the SEC is committed to establishing clear rules for the crypto market.

Charles Hoskinson Reacts as Cardano Now Available for Blockchain.com’s 37M Users

Elendu Benedict
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Charles Hoskinson Reacts as Cardano Now Available for Blockchain.com’s 37M Users

Cardano founder Charles Hoskinson has welcomed Cardano to Blockchain.com, an integration that gives 37 million more users access to Cardano.

Hoskinson took to X today to welcome Cardano to the crypto platform, following a recent integration. He appreciated the efforts of the Midnight Foundation, the development team behind the Midnight network, for its “great negotiations” with Blockchain.com to push the collaboration across the line.

Cardano Unlocks 37M Potential New User Base

Notably, the founder’s tweet quoted an announcement from London-based crypto platform Blockchain.com. The trading and wallet services provider disclosed on July 17 that Cardano is now available on its DeFi wallet.

Per Blockchain.com’s announcement, users can now send, receive, and store Cardano’s native token, ADA, directly on the platform’s DeFi wallet. This offers convenience for holders of multiple assets, including Cardano, allowing them to access and manage their tokens all in one place.

Notably, this opens up a new market for Cardano, considering Blockchain.com’s massive user base. For context, the exchange boasts of 37 million users and has handled over $1 trillion in transactions in its 14-year history.

Moreover, the integration also provides accessibility to Cardano-native tokens. This means that Blockchain.com users can now interact with over 80,000 tokens based on the Cardano network and qualify for upcoming airdrops on the blockchain and its sidechains.

Cardano Strengthens Ecosystem Expansion Ploy

The integration adds to the recent efforts by the core Cardano contributors to expand the ecosystem. A few days ago, Cardano’s Tokeo Wallet announced expansion plans, which would see it integrated into the XRP Ledger.

Furthermore, the Midnight network is nearing completion. The privacy-focused network utilizes zero-knowledge proofs to safeguard users’ sensitive data while providing developer-friendly tools for builders. Notably, Hoskinson claimed that Midnight could be the most significant economic event in Cardano’s history.

Meanwhile, Hoskinson also revealed that the team is working on unlocking DeFi on the XRP Ledger through strategic collaborations. He disclosed that there are discussions to bring RLUSD to Cardano and efforts to make Midnight a decentralized finance (DeFi) layer of XRP.

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