Binance-Peg XRP Project Update

Get Caught Up

Biggest Stories of 2025

• XRP Ledger Server v3.0.0 released, introducing support for DynamicMPT XLS-94d, a new STInt32 type, and multiple CI workflow improvements. This keeps the core software current with evolving token standards. (December 9, 2025) 6
• The fixDirectoryLimit amendment was approved by the XRP community, removing the directory page limit on the ledger. This is a low-impact parameter adjustment that improves ledger scalability. (December 18, 2025) 7
• XRP Ledger Server v2.6.2 released, adding the fixDirectoryLimit amendment, skipping empty transaction batches, and removing the directory size limit. This release laid the groundwork for the later community-approved amendment. (November 19, 2025) 8
• Flare expanded XRP's DeFi utility, securing roughly $212 million in TVL and introducing USDT0 and FXRP to bring XRP into lending, borrowing, staking, and liquidity protocols. This positions XRP as a strategic financial tool rather than purely a speculative asset. (November 25, 2025)
• XRPL stablecoins gained major traction, with RLUSD becoming the largest stablecoin on the ledger at around $44 million market cap and combined stablecoin transaction volumes exceeding $1 billion in September 2025. This solidified XRPL's role in institutional finance and global payments. (October 29, 2025) 23
• XRP's comeback story was highlighted, noting its July 2023 legal victory lifted its U.S. market ban and relisting, with the asset regaining top-five status. This underscored improving regulatory clarity and ETF-driven upside potential. (October 25, 2025) 5
• XRP Ledger's September 2025 progress was reviewed, covering Joey Wallet's onboarding guide, XRPScan's validator voting transparency, Xaman Wallet v4.2.1 enabling trustless token transfers, the Credentials amendment for decentralized identity, and Chainalysis expanding support to all XRPL tokens. It also featured the Gamechain launch on the EVM sidechain, Ripple's $25M RLUSD donation to small businesses and veterans, and XRP Seoul 2025 with 3,000+ participants. These developments advanced compliance, ecosystem growth, and community engagement. (October 11, 2025) 9
• XRP's use cases expanded beyond payments, with the ledger processing over 2.14 million daily transactions and attracting banks like SBI Holdings, Santander, and PNC, while supporting real-world asset tokenization, DeFi, stablecoins, digital identity, and cross-chain interoperability. This demonstrated XRPL's evolution into a versatile platform for digital finance and capital markets. (September 5, 2025) 10
• XRP Ledger Server v2.5.0 released, introducing amendments including XLS-56d (Batch), XLS-81d (Permissioned DEX), XLS-85d (Token Escrow), and XLS-74d/75d (Permission Delegation), along with multiple bug fixes. This significantly expanded the ledger's institutional and programmability capabilities. (June 24, 2025) 11
• XRPL was positioned as the top blockchain for builders in 2025, citing 3–5 second transaction speeds, near-zero fees, over a decade of uptime without major hacks, and real-world applications like XRP Healthcare in Uganda. This highlighted XRPL's reliability and enterprise focus amid growing government and fintech adoption. (June 11, 2025) 12
• Ripple released its 2025 institutional DeFi roadmap for XRPL, including Credentials for permissioned DEX and domains, Multi-Purpose Tokens (MPTs) for real-world asset tokenization, lending integrated with Ripple Payments and RLUSD, and expanded programmability via Extensions and an EVM sidechain. These features aimed to strengthen XRPL's role in compliant institutional finance. (February 26, 2025) 13
• XRPL announced major upgrades for institutional DeFi, focusing on decentralized identity (DID) for compliance, permissioned domains and DEX, MPTs for tokenizing traditional financial instruments, on-chain lending with uncollateralized options, and an EVM sidechain launching on mainnet in Q2 2025. This marked a strategic pivot toward institutional-grade infrastructure. (February 26, 2025) 14
• Binance Research published its January 2025 key trends report, noting the crypto market reached a record $3.91 trillion capitalization in December 2024 and highlighting upcoming events and token unlocks for January 2025. This provided broader market context for the ecosystem. (January 10, 2025) 15
• Binance predicted sustained crypto market growth for 2025, driven by institutional adoption, evolving regulations, and expanding DeFi ecosystems, while noting Bitcoin's 123.4% YTD market cap growth and record DeFi trading volumes. This set an optimistic tone for the year ahead. (January 6, 2025) 16