Opinion: Only four protocols on the XRP Ledger are worth paying attention to, with "strategic position" CEX trading at $26 in the last 24 hours

ChainCatcher news, according to Protos, Ripple announced that its long-awaited Ethereum Virtual Machine (EVM) compatible sidechain XRP Ledger went live on June 30. Although Ripple claims that after years of development and testing, this mainnet will usher in "a new era of cross-chain DeFi," the current total value locked (TVL) in the network is less than $100,000, with only four protocols worth noting.

Among them, the most popular application processed less than $1,100 in transactions over the past week. As of yesterday, the "strategically positioned" decentralized exchange Moai Finance on the network had a trading volume of only $26 in the past 24 hours.