Axelar and Midas’ MXRP Vault have surpassed their $22 million deposit within days of the launch. The capital inflow suggests that XRP investors are taking advantage of their attractive yield opportunities significantly.
MXRP gains momentum after booting
I have a new liquid staking token, MXRP I was attracted to Within a week of the market launch, investor capital has exceeded $22 million. The tokens were developed by the tokenization platform Midas in collaboration with Interop Labs and Axelar.
The ERC-20 token issued in the XRPL EVM Sidechain represents XRPs that are bridged through Axelar and implemented in carefully selected yield strategies. Unlike traditional staking models, liquid staking tokens do not undergo retransport or inflation from their supply.
Instead, it gives you value compared to XRP, allowing holders to benefit directly from improved performance. Axelar also celebrated the revived milestonetx post.
20 million US dollars
And climbing pic.twitter.com/sgbrualxbf– Axelar Network (@axelar) September 26, 2025
MXRP Vault has been released Monday with a new bid to boost XRP utility. According to MIDAS, the tokens were designed to provide a “meaning yield strategy” with returns reaching up to 10%.
The holder bridges XRP to the XRPL EVM network. In exchange you will receive an MXRP token that can be used across distributed finance protocols. These tokens retain full complexity and allow them to be added to the liquidity pool. It can also be used in the lending market or immersed in additional products for layered returns.
Behind the scenes, collateral is managed by specialized curators such as Hyperithm, an Asia-based digital asset company that oversees risk. When investors redeem, the token is burned and the equivalent value of XRP is returned to them.
especially, XRP price responded to release A small increase was close to $2.80. As staking rewards attract more participants, analysts predict that the launch of this token could increase demand.
XRP utility expands with new developments
The release of liquid stake tokens follows several actions that extend the XRP application. Flare Network announces XRP-backed Stablecoin Through the Enosys Liquity V2 platform. This will increase fluidity, especially in the chain.
moreover, Ripple has partnered with Securitize To bring Ripple USD (RLUSD) Stablecoin to tokenized funds managed by BlackRock and Vaneck. This essentially gives institutional investors new redemption options.
In addition, Bibitlist RLUSD Spot trading with pairs against Bitcoin, Ethereum, XRP and other major assets. This move will expand Ripple’s reach in the Stablecoin market. These moves highlight the growing web of financial products tied to tokens.
It is also worth mentioning that the structure provides two revenue streams through passive valuation of tokens, as the strategy generates yields and provides additional returns from deploying MXRP within the Defi ecosystem.