Doppler’s XRP Vault Achieves Milestone with Over 90M XRP
- Doppler’s XRP vault surpassed the milestone of 90 million XRP on October 12, marking a significant increase from February’s total of approximately 51.09 million XRP.
- The June report indicated $109.4 million in backing assets against $105.5 million in user deposits, representing a backing ratio of about 103.75%.
- Evernorth debuted on Nasdaq with a substantial treasury of 473 million XRP, positioning itself alongside Doppler’s vault.
- XRP’s price has fluctuated between $0.99 and $1.57 during the vault’s growth period, with its current value estimated at around $128 million.
Doppler’s vault has seen substantial growth in its XRP holdings, driven by demand for yield opportunities among holders who previously had limited options for generating income from their assets.
The recent expansion to over 90 million XRP highlights the increasing interest in yield products within the DeFi space, as evidenced by Doppler’s consistent growth and strong asset backing ratios. (Source)
