XRP’s market value surged by $5 billion following a sharp increase in developer activity on the XRP Ledger, driven by blockchain education platform EasyA. According to Dom Kwok, co-founder of EasyA, the company’s recent initiatives directly contributed to this growth by onboarding a new wave of builders to the XRPL ecosystem.
The development unfolded after EasyA organized a high-impact hackathon in Singapore in partnership with Ripple. Since it was called the EasyA x Ripple Singapore Hackathon, interest in the hackathon grew among developers and the wider XRP community.
According to Kwok, the increased percentage of projects on XRPL has influenced people’s views and evaluations of XRP.
Source: Kwok
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A post from EasyA’s official X account shared additional details, showcasing what it described as early signs of serious developer interest translating into real-world applications that leverage XRPL’s capabilities.
During the event, many projects were highlighted, outlining how developers’ enthusiasm is now seen in real-life situations on the XRP Ledger. New Era introduced a way for users to start earning by keeping their funds in Ripple’s stablecoin, RLUSD.
The platform conducts all its transactions using the blockchain, revealing what decentralized finance can achieve on XRPL.
XRPL Asset Manager was also unveiled to address the needs of bigger clients. It helps traditional finance companies work with blockchain by simply tokenizing their assets on the ledger. EasyA stated that the tool was made to help prominent asset managers overcome problems related to technology and operations.
Hackathon Innovations Expand Real-World Utility for XRP Ledger
Among the innovations was TokenPass, which lets businesses and creators offer exclusive access to content or services through token-based permissions. The model enhances monetization by leveraging XRPL’s token functionality.
Wave Tip uses the XRP network to assist content creators by giving them efficient tools for handling virtual tips. It seeks to support digital creators in making more money with tipping on platforms like Twitch.
At the hackathon, Kazi Pay was developed to assist freelancers in getting paid quickly and at affordable rates using XRP or RLUSD. It handles common difficulties in making payments to different countries, mainly benefiting people working remotely in emerging markets.
With CrowdLift, startups are helped by being able to raise financing through native token issuance on XRPL easily. It creates more chances of early-stage funding for a wider group of entrepreneurs.
MicroLoan X specializes in lending small amounts to users with barely any charges on the blockchain. It is intended to meet credit needs in regions where traditional lending services are scarce or costly.
Kwok said these developments prove XRPL is gaining importance and that more developers could positively affect the market. The widespread belief in the XRP network’s increasing abilities is often hard to measure in dollar terms, but the growing market cap of $5 billion expresses this trend.
EasyA’s focused developer onboarding strategy, highlighted by its Ripple-backed hackathon, has been credited for sparking a fresh wave of innovation on XRPL. This surge in real-world applications and blockchain engagement is seen as a significant factor behind XRP’s recent $5 billion market value jump.
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