The founder of an XRPL-based NFT marketplace and operator of a dUNL validating node expressed concerns about XRP being injected into "custodial DeFi." He urged XRP holders not to put their holdings in such platforms and instead focus on reinventing the foundation of global finance. He emphasized the importance of supporting and contributing to the development of non-custodial applications. The XRPL ecosystem has made progress in DeFi with the introduction of smart contracts and on-chain price oracles. The XRPL DeFi TVL exceeds $80 million and a dominant stablecoin has a market capitalization exceeding $100 million. The CEO of Flare blockchain agrees with the concerns about centralization trade-offs in XRP-centric products and stated that Flare was developed as a response to this trend.



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