News Heat Trend
Project Overview
Compound is a decentralized lending platform that enables users to borrow or lend from a pool of assets without permission. Interest rates are determined algorithmically based on the proportion of assets lent out. In the summer of 2020, the liquidity mining activity launched by Compound triggered the explosion of the DeFi market.
Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing tokenized assets to be used as collateral for financing.
Ripple is advancing the addition of a lending infrastructure layer on the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit evaluation and lending decisions remain handled by off-chain institutions.According to disclosures, the proposal is named the XRPL Lending Protocol (corresponding to XLS-65 and XLS-66 standards). It is currently in the technical draft stage and will require approval through validator voting before launching on the mainnet, but developer testing has already been opened on the test network.The protocol’s design splits the lending process into two parts: on-chain management of liquidity pools, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to meet compliance requirements across different jurisdictions.Ripple states that the mechanism is primarily aimed at institutional short-term liquidity needs. For example, in cross-border payment scenarios, temporary financing through stablecoins or collateral assets can be obtained before settlement is completed, thereby improving capital efficiency.Analysts believe that while the plan attempts to introduce a “rule-enforced lending infrastructure” similar to traditional finance while maintaining XRPL's open network attributes, it will still face competition from established on-chain lending protocols such as Aave, Compound, and Maple. (CoinDesk)
Crypto financial infrastructure firm Cycles raises $6.4M in seed funding, with participation from Coinbase Ventures and others
According to TechFundingNews, crypto financial infrastructure firm Cycles has announced the completion of an $6.4 million seed funding round, led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, and Primitive Ventures. Following this round, the company’s total funding has reached $8.7 million. Cycles aims to build a private clearing network for crypto markets and enhance capital efficiency through its “clearing network” mechanism. By leveraging zero-knowledge proofs and trusted execution environments, the network enables multilateral netting settlement—reducing counterparty risk and minimizing liquidity usage.
Compound Finance Approves Record $52 Million Budget, Pivots to Institutional Clients
Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)
Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing tokenized assets to be used as collateral for financing.
Ripple is advancing the addition of a lending infrastructure layer on the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit evaluation and lending decisions remain handled by off-chain institutions.According to disclosures, the proposal is named the XRPL Lending Protocol (corresponding to XLS-65 and XLS-66 standards). It is currently in the technical draft stage and will require approval through validator voting before launching on the mainnet, but developer testing has already been opened on the test network.The protocol’s design splits the lending process into two parts: on-chain management of liquidity pools, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to meet compliance requirements across different jurisdictions.Ripple states that the mechanism is primarily aimed at institutional short-term liquidity needs. For example, in cross-border payment scenarios, temporary financing through stablecoins or collateral assets can be obtained before settlement is completed, thereby improving capital efficiency.Analysts believe that while the plan attempts to introduce a “rule-enforced lending infrastructure” similar to traditional finance while maintaining XRPL's open network attributes, it will still face competition from established on-chain lending protocols such as Aave, Compound, and Maple. (CoinDesk)
ETH Ushers in "Golden July"? Institutions and Supply-Demand Dynamics Could Become New Catalysts for Ethereum's "New Cycle"
Odaily News, Sharplink research director Steven Ehrlich stated on platform X that Ethereum (ETH) has started July 2026 with strong momentum, gaining approximately 11% so far this month. Historical data suggests investors should pay attention to ETH's July performance. Over the past 10 years, ETH has posted gains in July on four occasions, with an average increase of 43% in those months. Since 2020, July has been ETH's strongest-performing month, with an average gain of about 27%, leading all other months.The core advantage of ETH's July performance is not simply volatility but the asymmetry between gains and losses: when July is positive, the average gain is approximately 43%; in losing years, the average decline is only about 5% (2020 to 2025). Historically, strong Julys for ETH have often coincided with Ethereum-specific catalysts:July 2020: Gained 54%, marking the launch of "DeFi Summer." Compound introduced the COMP token, triggering a yield farming frenzy. DeFi total value locked (TVL) surged from about $1 billion to $4 billion within weeks, DEX monthly trading volume grew by 174%, and ETH benefited as the foundational infrastructure of DeFi.July 2022: Gained 58%. The timeline for The Merge upgrade was confirmed on July 14, market sentiment rebounded from the post-LUNA and 3AC crisis low, and approximately $337 million in short positions were liquidated within 3 days.July 2025: Gained 49%. The US GENIUS Act was signed, spot ETH ETFs recorded a record monthly inflow of approximately $5.4 billion, corporate capital accelerated its allocation to ETH, staking rate reached about 30%, and declining exchange balances contributed to supply tightness.Historically, ETH's strong monthly rallies have typically been driven by a combination of "Ethereum-specific catalysts plus supply-demand imbalance." For July 2026, Steven Ehrlich believes the current market environment presents similar opportunities:1. Institutional infrastructure is being built. EthLabs (protocol R&D) and Ethereum Institutional were recently launched to drive institutional participation in the on-chain ecosystem, with participants including Sharplink, BitMine, and Joe Lubin.2. The Ethereum roadmap continues to upgrade. Vitalik Buterin proposed the "Lean Ethereum" plan on July 4, aiming to simplify Ethereum's architecture, increase speed, and enhance quantum resistance over the next 3 to 4 years. Its significance is comparable to The Merge.3. Corporate capital continues to accumulate ETH. Digital asset reserve companies are still actively building their ETH positions. Sharplink currently holds 886,725 ETH, added 10,000 ETH in purchases last week, and stated its goal is to increase the amount of ETH per share.Steven Ehrlich stated that Ethereum is entering a new phase of development, where institutional adoption, technological upgrades, and capital allocation may become key factors driving ETH's price action.
Trend Research Liquidates UNI and COMP Within 4 Days, Incurring Losses Exceeding $46.98 Million
According to on-chain analyst Yujin (@EmberCN), Trend Research (@Trend_Research_), a secondary investment firm under Jackyi, transferred a total of 7.57 million UNI (approximately $24.55 million) and 228,700 COMP (approximately $4.44 million) to Binance over four days, fully liquidating its positions and realizing a total loss of approximately $46.98 million.
Suffering a $40.29 million loss, Trend Research transfers remaining 2.705 million UNI and 114,000 COMP to Binance to complete liquidation
According to monitoring by Yu Jin, Trend Research (0xfa9...EB58), a secondary investment firm under boss Jackyi_ld, transferred the remaining 2.705 million UNI and 114,000 COMP to Binance an hour ago. These tokens are valued at $8.71 million and $2.13 million, respectively. The firm has now fully liquidated its positions in UNI and COMP, realizing a loss of $40.29 million. Trend Research had purchased 5.41 million UNI at an average price of $9.5 and 228,700 COMP at an average price of $49.3 during last July's market rebound. It sold UNI at an average price of $3.3 and COMP at an average price of $19.4 in May this year.
Trend Research Reduces UNI and COMP Positions, Realizing ~$23.5 Million in Unrealized Losses
According to on-chain analyst Yu Jin (@EmberCN), Trend Research—a secondary investment firm under Jackyi—recently transferred 2.705 million $UNI (approximately $9.23 million) and 114,000 $COMP (approximately $2.31 million) to Binance, completing a partial liquidation. These tokens were originally withdrawn from Binance in July last year, with average acquisition costs of approximately $9.5 for UNI and $49.3 for COMP. The current prices stand at $3.36 for UNI and $19.23 for COMP, resulting in an unrealized loss of roughly $23.5 million from this transaction.
Trend Research: Associated address suspected of dumping $11.53 million worth of UNI and COMP; if sold, would incur a loss of $19.87 million
According to on-chain analyst Ai Aunt (@ai9684xtpa), Trend Research (@Trend_Research_) is suspected of transferring UNI and COMP tokens worth a total of $11.53 million. Within the past 20 minutes, the address 0xfa9…FEB58 transferred 2.7 million UNI and 114,000 COMP to IOSG Ventures’ Binance deposit address; the purpose remains unclear. This marks the institution’s first such activity in one month. Notably, the UNI was accumulated in July 2025 at a price of $9.52 per token—selling it now would result in a loss of $16.54 million. The COMP was acquired at $49.34 per token, and selling it now would incur a loss of $3.33 million.
Suspected Arrington Capital address transferred 100,000 COMP to Binance within 4 hours
According to on-chain analyst Ember (@EmberCN), an address suspected to belong to Arrington Capital transferred 100,000 COMP tokens to Binance within the last four hours, worth approximately $2.26 million at the time of transfer. This transaction may have caused COMP’s price to drop roughly 4% over the past four hours—from $22.90 to $22.00.
Compound Finance Approves Record $52 Million Budget, Pivots to Institutional Clients
Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)
Kelp: rsETH Recovery Achieves Key Progress, Multiple DeFi Protocols Jointly Liquidate Attacker Positions
Odaily Kelp announced on X platform that it has coordinated with multiple DeFi protocols to complete the liquidation of the attacker's positions, achieving key progress in the rsETH recovery process. Among them: Compound participated in coordination multiple times over the past four weeks, providing approximately 3,000 ETH in support, and jointly completed the liquidation with Aave, recovering a total of approximately 17,426.20 rsETH; Euler Finance liquidated the attacker's positions within its protocol and plans to return the excess ETH to the DeFi ecosystem fund.
Aave has liquidated the remaining rsETH position of the KelpDAO attacker, with the relevant assets to be transferred to a recovery treasury.
Aave has announced the completion of the liquidation of the remaining rsETH position belonging to the Kelp DAO attacker. The related collateral assets will be transferred to the Recovery Guardian multi-signature wallet managed by DeFi United, to be used for restoring rsETH reserves and compensating affected users.This liquidation is part of the recovery plan following the previous $292 million attack incident. Aave had previously passed a governance vote to temporarily adjust the rsETH oracle price in order to create bad debt in the attacker's position and trigger liquidation. The relevant parameters will be restored upon completion of the liquidation. Previously, the attacker exploited the Kelp DAO cross-chain bridge based on LayerZero to forge 116,500 unbacked rsETH and borrowed ETH from protocols such as Aave and Compound. Currently, the recovery funds managed by DeFi United have exceeded $320 million.
Compound Foundation: WETH and wstETH Comet Markets Resume Trading
the Compound Foundation stated on X platform that, in coordination with the Kelp and Aave teams, and to avoid disrupting broader DeFi recovery efforts, the Comet markets for WETH and wstETH on Ethereum have resumed trading. It also noted that depending on the specific timing of Kelp's thawing of rsETH, temporary suspensions may still occur in relevant markets during the liquidation window for vulnerability-related positions. Specific arrangements have yet to be determined.
Compound Approves $52 Million Budget for Full Transition to Institutional DeFi
According to Cryptopolitan, DeFi lending protocol Compound approved a record $52 million two-year development budget via DAO voting and completed leadership restructuring, announcing a full pivot to the institutional market. The COMP token subsequently rose over 10% within 24 hours, currently trading at around $18. Regarding the budget, $14 million has been authorized for immediate use, with the remaining funds unlocked in batches based on milestones. In terms of fund allocation, approximately $28 million is designated for operations and R&D for the new version Compound V4, and $24 million for growth, of which $8 million to $10 million is specifically allocated for institutional partnerships. The V4 core adopts a "hub-and-spoke" architecture, centralizing fund scheduling through a central hub to meet higher institutional requirements for risk control. Currently, over 10 partners have confirmed joining, with another 20+ currently in negotiations.
Compound approves $52 million budget and restructures leadership, pivoting to institutional DeFi
According to CoinDesk, Compound Finance has completed leadership adjustments and approved its largest-ever decentralized autonomous organization budget of $52 million to drive the transition towards institutional decentralized finance. The protocol plans to focus on attracting institutional users and expand operations around real-world assets, partner integrations, and traditional financial market credit infrastructure.
Compound Finance Approves Record $52 Million Budget, Pivots to Institutional Clients
Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)
ETH Ushers in "Golden July"? Institutions and Supply-Demand Dynamics Could Become New Catalysts for Ethereum's "New Cycle"
Odaily News, Sharplink research director Steven Ehrlich stated on platform X that Ethereum (ETH) has started July 2026 with strong momentum, gaining approximately 11% so far this month. Historical data suggests investors should pay attention to ETH's July performance. Over the past 10 years, ETH has posted gains in July on four occasions, with an average increase of 43% in those months. Since 2020, July has been ETH's strongest-performing month, with an average gain of about 27%, leading all other months.The core advantage of ETH's July performance is not simply volatility but the asymmetry between gains and losses: when July is positive, the average gain is approximately 43%; in losing years, the average decline is only about 5% (2020 to 2025). Historically, strong Julys for ETH have often coincided with Ethereum-specific catalysts:July 2020: Gained 54%, marking the launch of "DeFi Summer." Compound introduced the COMP token, triggering a yield farming frenzy. DeFi total value locked (TVL) surged from about $1 billion to $4 billion within weeks, DEX monthly trading volume grew by 174%, and ETH benefited as the foundational infrastructure of DeFi.July 2022: Gained 58%. The timeline for The Merge upgrade was confirmed on July 14, market sentiment rebounded from the post-LUNA and 3AC crisis low, and approximately $337 million in short positions were liquidated within 3 days.July 2025: Gained 49%. The US GENIUS Act was signed, spot ETH ETFs recorded a record monthly inflow of approximately $5.4 billion, corporate capital accelerated its allocation to ETH, staking rate reached about 30%, and declining exchange balances contributed to supply tightness.Historically, ETH's strong monthly rallies have typically been driven by a combination of "Ethereum-specific catalysts plus supply-demand imbalance." For July 2026, Steven Ehrlich believes the current market environment presents similar opportunities:1. Institutional infrastructure is being built. EthLabs (protocol R&D) and Ethereum Institutional were recently launched to drive institutional participation in the on-chain ecosystem, with participants including Sharplink, BitMine, and Joe Lubin.2. The Ethereum roadmap continues to upgrade. Vitalik Buterin proposed the "Lean Ethereum" plan on July 4, aiming to simplify Ethereum's architecture, increase speed, and enhance quantum resistance over the next 3 to 4 years. Its significance is comparable to The Merge.3. Corporate capital continues to accumulate ETH. Digital asset reserve companies are still actively building their ETH positions. Sharplink currently holds 886,725 ETH, added 10,000 ETH in purchases last week, and stated its goal is to increase the amount of ETH per share.Steven Ehrlich stated that Ethereum is entering a new phase of development, where institutional adoption, technological upgrades, and capital allocation may become key factors driving ETH's price action.
Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing tokenized assets to be used as collateral for financing.
Ripple is advancing the addition of a lending infrastructure layer on the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit evaluation and lending decisions remain handled by off-chain institutions.According to disclosures, the proposal is named the XRPL Lending Protocol (corresponding to XLS-65 and XLS-66 standards). It is currently in the technical draft stage and will require approval through validator voting before launching on the mainnet, but developer testing has already been opened on the test network.The protocol’s design splits the lending process into two parts: on-chain management of liquidity pools, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to meet compliance requirements across different jurisdictions.Ripple states that the mechanism is primarily aimed at institutional short-term liquidity needs. For example, in cross-border payment scenarios, temporary financing through stablecoins or collateral assets can be obtained before settlement is completed, thereby improving capital efficiency.Analysts believe that while the plan attempts to introduce a “rule-enforced lending infrastructure” similar to traditional finance while maintaining XRPL's open network attributes, it will still face competition from established on-chain lending protocols such as Aave, Compound, and Maple. (CoinDesk)
Kelp: rsETH Recovery Achieves Key Progress, Multiple DeFi Protocols Jointly Liquidate Attacker Positions
Odaily Kelp announced on X platform that it has coordinated with multiple DeFi protocols to complete the liquidation of the attacker's positions, achieving key progress in the rsETH recovery process. Among them: Compound participated in coordination multiple times over the past four weeks, providing approximately 3,000 ETH in support, and jointly completed the liquidation with Aave, recovering a total of approximately 17,426.20 rsETH; Euler Finance liquidated the attacker's positions within its protocol and plans to return the excess ETH to the DeFi ecosystem fund.
Related news
Compound Approves $52 Million Budget for Full Transition to Institutional DeFi
According to Cryptopolitan, DeFi lending protocol Compound approved a record $52 million two-year development budget via DAO voting and completed leadership restructuring, announcing a full pivot to the institutional market. The COMP token subsequently rose over 10% within 24 hours, currently trading at around $18. Regarding the budget, $14 million has been authorized for immediate use, with the remaining funds unlocked in batches based on milestones. In terms of fund allocation, approximately $28 million is designated for operations and R&D for the new version Compound V4, and $24 million for growth, of which $8 million to $10 million is specifically allocated for institutional partnerships. The V4 core adopts a "hub-and-spoke" architecture, centralizing fund scheduling through a central hub to meet higher institutional requirements for risk control. Currently, over 10 partners have confirmed joining, with another 20+ currently in negotiations.
Compound approves $52 million budget and restructures leadership, pivoting to institutional DeFi
According to CoinDesk, Compound Finance has completed leadership adjustments and approved its largest-ever decentralized autonomous organization budget of $52 million to drive the transition towards institutional decentralized finance. The protocol plans to focus on attracting institutional users and expand operations around real-world assets, partner integrations, and traditional financial market credit infrastructure.
Compound Finance Approves Record $52 Million Budget, Pivots to Institutional Clients
Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)
U.S. Government Empties Wallet Holding $565,400 in Seized Alameda Research and FTX Assets
According to Onchain Lens monitoring, the U.S. government has emptied another wallet holding seized assets from Alameda Research and FTX, distributing the assets to 8 new addresses. The transferred assets include 4,110 AXS, worth $4,100; 5.37 YFI, worth $11,400; 1,230 COMP, worth $21,100; 311,600 MANA, worth $21,800; 0.533 WBTC, worth $34,400; 4,050 NMR, worth $39,900; 138,950 RLC, worth $40,700; and 209.18 ETH, worth $391,000. The original wallet currently holds $0 in balance.
ETH Ushers in "Golden July"? Institutions and Supply-Demand Dynamics Could Become New Catalysts for Ethereum's "New Cycle"
Odaily News, Sharplink research director Steven Ehrlich stated on platform X that Ethereum (ETH) has started July 2026 with strong momentum, gaining approximately 11% so far this month. Historical data suggests investors should pay attention to ETH's July performance. Over the past 10 years, ETH has posted gains in July on four occasions, with an average increase of 43% in those months. Since 2020, July has been ETH's strongest-performing month, with an average gain of about 27%, leading all other months.The core advantage of ETH's July performance is not simply volatility but the asymmetry between gains and losses: when July is positive, the average gain is approximately 43%; in losing years, the average decline is only about 5% (2020 to 2025). Historically, strong Julys for ETH have often coincided with Ethereum-specific catalysts:July 2020: Gained 54%, marking the launch of "DeFi Summer." Compound introduced the COMP token, triggering a yield farming frenzy. DeFi total value locked (TVL) surged from about $1 billion to $4 billion within weeks, DEX monthly trading volume grew by 174%, and ETH benefited as the foundational infrastructure of DeFi.July 2022: Gained 58%. The timeline for The Merge upgrade was confirmed on July 14, market sentiment rebounded from the post-LUNA and 3AC crisis low, and approximately $337 million in short positions were liquidated within 3 days.July 2025: Gained 49%. The US GENIUS Act was signed, spot ETH ETFs recorded a record monthly inflow of approximately $5.4 billion, corporate capital accelerated its allocation to ETH, staking rate reached about 30%, and declining exchange balances contributed to supply tightness.Historically, ETH's strong monthly rallies have typically been driven by a combination of "Ethereum-specific catalysts plus supply-demand imbalance." For July 2026, Steven Ehrlich believes the current market environment presents similar opportunities:1. Institutional infrastructure is being built. EthLabs (protocol R&D) and Ethereum Institutional were recently launched to drive institutional participation in the on-chain ecosystem, with participants including Sharplink, BitMine, and Joe Lubin.2. The Ethereum roadmap continues to upgrade. Vitalik Buterin proposed the "Lean Ethereum" plan on July 4, aiming to simplify Ethereum's architecture, increase speed, and enhance quantum resistance over the next 3 to 4 years. Its significance is comparable to The Merge.3. Corporate capital continues to accumulate ETH. Digital asset reserve companies are still actively building their ETH positions. Sharplink currently holds 886,725 ETH, added 10,000 ETH in purchases last week, and stated its goal is to increase the amount of ETH per share.Steven Ehrlich stated that Ethereum is entering a new phase of development, where institutional adoption, technological upgrades, and capital allocation may become key factors driving ETH's price action.
Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing tokenized assets to be used as collateral for financing.
Ripple is advancing the addition of a lending infrastructure layer on the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit evaluation and lending decisions remain handled by off-chain institutions.According to disclosures, the proposal is named the XRPL Lending Protocol (corresponding to XLS-65 and XLS-66 standards). It is currently in the technical draft stage and will require approval through validator voting before launching on the mainnet, but developer testing has already been opened on the test network.The protocol’s design splits the lending process into two parts: on-chain management of liquidity pools, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to meet compliance requirements across different jurisdictions.Ripple states that the mechanism is primarily aimed at institutional short-term liquidity needs. For example, in cross-border payment scenarios, temporary financing through stablecoins or collateral assets can be obtained before settlement is completed, thereby improving capital efficiency.Analysts believe that while the plan attempts to introduce a “rule-enforced lending infrastructure” similar to traditional finance while maintaining XRPL's open network attributes, it will still face competition from established on-chain lending protocols such as Aave, Compound, and Maple. (CoinDesk)