Anodos Finance CEO urges Ripple to boost XRPL utility amid falling TVL

Panos Mekras, CEO of Anodos Finance, has voiced concerns regarding the XRP Ledger’s (XRPL) current ecosystem performance, pointing to a downturn in key metrics and a lack of widespread, practical applications for users. Despite maintaining a long-term positive outlook for XRP and the XRPL network, Mekras highlighted a number of issues holding the ecosystem back from reaching its full potential. In a post on X, he underscored the need for stronger execution, more robust liquidity, and genuine user adoption. Mekras referenced recent ecosystem data to illustrate his concerns. According to metrics he shared, XRPL is recording around $5 million in daily decentralized exchange (DEX) volume and about $35 million in total value locked (TVL) in current protocols.

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