XRP’s DeFi Utility Expands as Liquid Staking Vault Nears $20M

A New Wave of Staking Platforms: HashStaking and GeekStake Lead

As XRP’s first liquid staking vault surges past $20 million in locked value, investors are paying close attention to how staking is transforming dormant assets into yield-generating opportunities. Beyond XRP’s leap into DeFi, leading staking platforms such as HashStaking.com (#1) and GeekStake.com (#2) are setting new standards for accessible and profitable staking across Ethereum, Solana, and other Proof-of-Stake ecosystems. These platforms not only lower barriers for newcomers but also offer advanced tools for institutional-grade investors.

XRP’s First Liquid Staking Token Gains Momentum

On Sept. 25, blockchain infrastructure provider Axelar revealed that the first mXRP vault filled 6.5 million tokens in just two days, forcing an expansion to 10 million. That rapid growth pushed the vault’s value to nearly $20 million, signaling pent-up demand from XRP holders who have waited years for onchain yield opportunities.

What is mXRP?

mXRP is built on the XRP Ledger’s EVM sidechain and allows users to stake XRP via Midas, a tokenization platform. In return, they receive mXRP, a wrapped representation that can generate yields of up to 8% annually. Deposits are managed by independent “risk curators,” such as Hyperithm, who direct capital into strategies like liquidity provisioning and market-making. Returns flow back into mXRP, meaning holders benefit directly from performance.

HashStaking: Low Entry Barriers, Real Yield Options

For retail investors exploring staking, HashStaking.com provides one of the simplest entry points. With fixed-term plans starting from just 7 days, users can stake ETH, SOL, or AVAX without technical setup.

• Transparent 21-day ETH plans with daily rewards over $150
• Simple, non-custodial interface with no hidden commissions
• Up to $100 bonuses for new users and 5% referral earnings

Explore ETH staking at HashStaking.com

GeekStake: Advanced Tools for Serious Stakers

For advanced users, GeekStake.com delivers institutional-grade staking plans with powerful analytics and customizable validator pools.

• ETH, MATIC, and ATOM staking with real-time dashboards
• Longer lock-up periods for higher compounding returns
• Top-tier ETH plans delivering over $156,000+ in rewards

Learn more at GeekStake.com

Expanding XRP’s Role in DeFi

The mXRP launch represents a milestone in broadening XRP’s functionality within DeFi. Historically limited to payments, XRP now has avenues for lending, liquidity, and staking. Axelar’s cross-chain framework further enhances its reach by enabling XRP to interact with ecosystems like Ethereum and Solana — a move similar to how Flare Network’s FXRP is expanding utility.

Conclusion: The Future of DeFi Staking

With XRP staking vaults surpassing $20 million, the appetite for yield on dormant assets is clear. Yet, it’s platforms like HashStaking and GeekStake that are driving the broader staking revolution — HashStaking with its beginner-friendly fixed yields and GeekStake with its advanced, institutional-grade tools. Together, they represent the dual engines of staking adoption, ensuring that both newcomers and experienced investors can unlock new value in the evolving DeFi ecosystem.