July 29, 2025 – DeXRP, a decentralized exchange built on the XRP Ledger (XRPL), has raised over $2.6 million through its ongoing Initial Decentralized Offering (IDO). More than 3,370 participants have contributed to the funding round, which has now surpassed 50% of its token allocation ahead of the platform’s upcoming token listing.

This momentum reflects growing excitement around DeXRP mission to bring institutional-grade decentralized trading to the XRP Ledger. XRPL itself has seen a massive surge in activity, with Total Value Locked (TVL) growing from $16 million to over $80 million in recent months.

The DeXRP IDO is open now via the project’s official presale site: https://dexrp.org/lY1m20wt5me

Participants can buy with ETH, BTC, BNB, SOL, XRP, USDT, or bank card. With over 50% of the supply allocated to the presale already sold, the window to secure DXP at pre-listing prices is rapidly closing.

A DEX built for XRP Ledger

DeXRP combines the best of both DEX models — integrating AMM liquidity pools with a traditional order book, similar to leading platforms like Jupiter or 1inch. This hybrid design enables fast, flexible trades for retail users while meeting the demands of institutional traders.

Liquidity providers are central to the DeXRP ecosystem. The protocol introduces:

  • Optimized liquidity aggregation: LP token holders gain access to a fee auction system for discounted trading fees, governance participation, and early access to new pools and pairs.

  • Yield multipliers and custom rewards: Liquidity providers can adjust their yield multipliers to maximize rewards, with full control over lock durations and risk exposure.

Tokenomics

DXP is the utility token for DeXRP, and it grants holders: trading fee discounts, access to premium tools, participation in fee auctions, and much more.

Liquidity providers are eligible for LP token-based rewards and may participate in DeXRP’s upcoming fee auction model to access discounted trading slots and exclusive features.

About DeXRP

DeXRP is a next-generation decentralized exchange built on the XRP Ledger. It offers fast, low-cost trading through a dual AMM + Order Book system, empowering both casual users and professional traders. DeXRP is built to unlock XRPL’s full DeFi potential — with deep liquidity, customizable incentives, and fair access to advanced trading tools.