Claud

Privacy will become increasingly important as blockchains see wider adoption as financial infrastructure. We’re already seeing this across multiple ecosystems, including the XRPL, where privacy is becoming a key focus. At @doppler_fi, we may not be building zk capabilities ourselves, but we’re always exploring how to integrate available privacy features in ways that benefit our users and clients. We’ll keep sharing articles on how we plan to adopt features like XLS-96 and turn those plans into working implementations.

Since launch, @doppler_fi has consistently published transparency reports. I believe transparency between lenders and borrowers is critical if lending is to become one of the core pillars of XRPfi. This matters even more with XLS-66d, where lending is based on credit rather than overcollateralization. At Doppler, we’re not just building infrastructure to enable these financial activities. We’re also working on the foundations needed to make them reliable and sustainable over the long term.

XRP deposits continuing to grow even after TGE is encouraging for both the team and the community. @doppler_fi is growing sustainably, driven by real demand and delivering value beyond the token.

For much of crypto’s history, most services were standalone products whose main appeal was farming their own tokens. When token prices fell or airdrop campaigns ended, demand dried up, and the services gradually faded away. But since the last cycle, a meaningful shift has started to emerge: some DeFi projects are becoming established infrastructure for financial activity. They are being integrated into exchanges and custody platforms to power lending and trading. As traditional financial institutions and fintech companies adopt blockchains as core infrastructure, this trend is accelerating. Ecosystems like ripple:native and canton-network:native are also carving out their own distinct domains, with institutional partnerships gradually translating into real-world adoption. As a founder of @doppler_fi, I believe we need to understand what infrastructure these ecosystems need—and build it. Meeting those needs is how we can help these expanding ecosystems grow faster and create lasting demand for what we build. Narratives like XRPfi are gaining traction, but I believe their staying power will ultimately depend on whether the builders succeed in building an infrastructure that finds clear product-market fit.

In many DeFi projects, it is common to see TVL drop right after the TGE. Honestly, we also had some concerns about TVL falling post-TGE. However, our XRP deposits have been continuously growing, which proves the real demand for XRPfi. Moving forward, our focus is to keep building the infrastructure so that more XRP holders and institutions can make full use of XRP.

What stands out to me about Ripple Prime is that it isn’t simply a crypto-native prime brokerage product. Its infrastructure is designed to span both sides of the market: digital assets and traditional finance. FX, fixed income, listed and OTC derivatives, equities, and crypto can all sit within a single prime brokerage relationship, with cross-margining across asset classes. That says a lot about Ripple’s broader direction. They are not building financial infrastructure that stops at the onchain boundary. They are building toward an institutional stack that connects traditional finance and digital asset markets. If institutional adoption of blockchain continues to deepen, I believe this positioning will become increasingly valuable — and could be a meaningful driver of Ripple’s next phase of growth.