XRP’s Game-Changer: Axelar’s mXRP Unleashes ’Money Glitch’ Frenzy with Perpetual Buying Power

Cross-chain protocol Axelar just flipped the script on digital asset liquidity—launching wrapped mXRP tokens that create infinite buy pressure through decentralized finance mechanisms.

The Mechanics Behind the Glitch

Axelar's bridge technology lets XRP circulate across Ethereum Virtual Machine chains without traditional sell pressure. Every wrapped mXRP minting represents fresh demand while the original XRP stays locked—creating what traders are calling a 'perpetual buyer' effect.

Market Impact and Reactions

DeFi protocols are already integrating mXRP pairs, seeing 300% higher liquidity mining yields compared to native XRP pools. The setup essentially creates circular liquidity where yields fund more buying—though skeptics note it's basically financial engineering that would make traditional bankers blush.

While the mechanism boosts short-term momentum, the real test comes when unwrapping pressures hit. For now, traders are riding the wave—proving once again that in crypto, sometimes the best fundamentals are just better game theory.

Early reactions inside the XRP community homed in on the promised carry. “mXRP will likely be the biggest catalyst this quarter to drive significant adoption and activity on XRPL. 10% APY on XRP through DeFi yield and by just holding mXRP is massive,” wrote Panos Mekras (co-founder & CEO at Anodos Labs) via X.

He added that an XRP/mXRP liquidity pool could quickly dominate XRPL volumes and that LPs would “virtually have zero risk and near-zero impermanent loss,” while earning from fees and yield. While those expectations are promotional and unproven, they capture the tenor of sentiment around the launch.

What mXRP Is—And How Axelar And Midas Fit

Based on materials shared publicly, mXRP is presented as a liquid, yield-bearing representation of deposited XRP. Users would deposit XRP and receive mXRP; the mXRP’s value accretes from the strategies run on the pooled collateral.

Event notes circulating on X attribute the product structuring to Midas (a European tokenization platform) and the cross-chain plumbing to Axelar, with a Korean digital-asset manager responsible for operating strategies on the back end. The slide language emphasizes “advanced strategies and auto-compounding,” and frames mXRP as a “perpetual buyer of XRP” that bolsters XRPL liquidity and “ecosystem strength.” These specifics come from the conference stage and social-media reporting; formal documentation has not yet been published.

Axelar’s role in the stack is consistent with its broader integration work on XRPL this year. In June, Axelar announced it had delivered the first cross-chain connectivity for the XRP Ledger EVM Sidechain, enabling wrapped XRP as native gas and wiring XRPL into more than 80 networks and cross-chain apps via Squid. The company has also highlighted “Earn yield onchain… start with XRP and Stellar” in its public messaging—context that helps explain how a yield-bearing XRP wrapper could source liquidity and strategy execution across venues.

Midas, for its part, has been rolling out “Liquid Yield Tokens” backed by baskets of DeFi fund strategies in 2025—an adjacent template that provides a reference point for how tokenized claim-on-yield instruments can be structured under EU oversight. The mXRP wrapper appears to apply that tokenization logic to XRP collateral specifically, with Axelar providing the cross-chain rails.

The Core idea behind “infinite buying power” is straightforward: demand to mint mXRP programmatically purchases XRP as base collateral; compounding yields grow the collateral base over time; and integrations that require mXRP/XRP liquidity create additional, recurring order flow.

Advocates argue that this creates a positive feedback loop in which “mXRP usage → deeper XRP liquidity,” and more liquidity invites more integrations, which in turn brings more capital on-chain. “The Infinite Money Glitch… with @MidasRWA mXRP that becomes a ‘perpetual buyer of $XRP,’” one widely shared summary read.

At press time, XRP traded at $2.81.