Ripple Acquires Hidden Road for $1.25 Billion: Institutional DeFi Growth Ignites

Ripple’s recent acquisition of Hidden Road has sent ripples through the crypto market, signaling a significant shift towards institutional adoption of XRP and the XRP Ledger (XRPL). The $1.25 billion deal positions Ripple to bolster XRPL’s utility by expanding into the lucrative institutional DeFi space, with immediate implications for XRP’s use in financial transactions. SMQKE, a Crypto Researcher & KOL, has hailed this move as a catalyst for XRP’s increased functionality and scaling capacity within the wider blockchain landscape.