In a fresh update that's got the DeFi community buzzing, DefiLlama has announced they're now tracking MoreMarkets.xyz on both the XRP Ledger (XRPL) and Ethereum. This move highlights the growing traction of innovative yield platforms that prioritize user control and transparency.

For those new to the scene, DefiLlama is a go-to analytics platform for decentralized finance, aggregating data on total value locked (TVL), protocols, and more across various blockchains. Their addition of MoreMarkets means users can now easily monitor this platform's performance right alongside other DeFi heavyweights.

What is MoreMarkets.xyz?

MoreMarkets is a DeFi liquidity marketplace designed to help you squeeze more out of your idle crypto assets. Think of it as a smart way to earn yield—up to 10% APY—without diving headfirst into the often confusing world of DeFi protocols. The key selling point? It's non-custodial, meaning you keep full control of your funds at all times. No handing over keys to anyone.

Users deposit tokens into Earn Accounts, where the platform optimizes for the best yields through curated strategies. Returns are paid back in the original asset, and everything happens with transparency—you can see exactly where your yield is coming from. Currently, it's making waves with its XRP Earn Account on XRPL, but the integration with Ethereum opens doors for cross-chain opportunities.

From what we've gathered, MoreMarkets taps into cross-chain DeFi strategies, bridging assets to generate yield. For instance, XRP holders can earn staking-like rewards by leveraging opportunities on other chains, all while keeping assets on the native ledger.

Why This Matters for Meme Token Enthusiasts

At Meme Insider, we're all about meme tokens, and MoreMarkets has some intriguing ties here. The platform highlights support for idle tokens like DOGE—yes, the original meme coin—alongside XRP and BTC. While the current focus is on XRP, the expansion to Ethereum (home to countless meme tokens) could pave the way for yield farming on your favorite dog-themed or frog-inspired assets.

Imagine parking your DOGE in a safe, self-custodial vault and watching it grow without the risks of centralized platforms. As meme tokens often sit idle in wallets, tools like MoreMarkets could supercharge portfolios by turning dormancy into passive income.

Key Features and Security

• Self-Custody: Your assets stay in vaults you control; MoreMarkets never touches your private keys.
• Transparency: Real-time insights into yield sources and strategies.
• No Hidden Fees: Everything upfront, with withdrawals available anytime (market conditions permitting).
• Audits: Regularly checked by firms like Halborn and Sherlock for top-notch security.
• TVL Snapshot: As per the announcement, MoreMarkets boasts a TVL of around $9.33 million, a solid start for a platform emphasizing safety over hype.

Partnerships add credibility too. MoreMarkets has teamed up with Flare Networks to scale its XRP offerings, bringing in advanced staking and DeFi paths. It's also trusted by big names like Wormhole, Near, Base, and Arbitrum, signaling strong ecosystem integration.

The Bigger Picture in DeFi

This tracking by DefiLlama comes at a time when DeFi is evolving beyond simple lending and borrowing. Platforms like MoreMarkets are democratizing access, making it easier for everyday users—including those in the meme token space—to participate without needing a PhD in blockchain tech.

If you're holding XRP, DOGE, or other assets gathering dust, check out MoreMarkets.xyz to see if it fits your strategy. For deeper dives, their documentation is a great resource.

Stay tuned to Meme Insider for more updates on how DeFi innovations are intersecting with the wild world of meme tokens. Whether it's yield boosts or new launches, we've got you covered.