How XRP stayed safe during the weekend’s DeFi meltdown
The co-creator of the XRP Ledger avoided last weekend’s $13 billion DeFi meltdown from a mile away.
Over the weekend, Vitalik Buterin had to save the DeFi gateway eth.limo, the world’s largest DeFi lending protocol Aave crashed 23%, and the biggest DeFi hack of 2026 drained nearly $292 million out of Kelp DAO’s LayerZero bridge.
By Monday morning, over $13 billion in DeFi value was gone as investors panicked into safe havens.
Commentators called it a crisis, a meltdown, or a DeFi apocalypse.
Meanwhile, XRP has rallied over the past seven days. The Ripple USD stablecoin remained at its $1 peg. The XRP Ledger didn’t flinch.
Unlike almost every other blockchain, XRPL Total Value Locked in DeFi actually increased about 6% over the past seven days.
Last night, XRPL co-creator David Schwartz explained why XRP stayed safe while everything else was crashing.
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XRP Premium Analysis
According to Schwartz, despite the catastrophic failures across decentralized finance (DeFi) over the weekend, Ripple was able to keep…