MoreMarkets: New Markets for DeFi

The vision for crypto has always been a fully onchain global financial system, where assets can move freely without intermediaries. While DeFi ecosystems on Ethereum, Solana, Avalanche, and Base have proven the benefits of decentralized markets—offering greater transparency, efficiency, and accessibility—they remain largely confined to native assets. Traders seeking exposure to major tokens like XRP, DOGE, XLM, and ADA are still forced to rely on centralized exchanges, creating fragmentation and limiting DeFi’s full potential. If we want a future where all financial assets—from stocks to commodities—exist onchain, we must first ensure that every major crypto asset can be traded seamlessly within a single DeFi ecosystem.

MoreMarkets is filling this gap by creating new onchain markets. We’re taking traditionally siloed tokens and integrating them into active DeFi ecosystems, literally creating “more markets.” For every major DeFi chain, we will create an XRP market, a DOGE market, an XLM market, etc.

At the foundation of every financial system is a robust spot market. Liquidity begets liquidity—without active spot trading, lending markets lack collateral, derivatives markets have no underlying reference prices, and market makers have no incentive to provide depth. This is why we begin with spot trading. By establishing deep, liquid spot markets, we unlock the ability to layer in lending, borrowing, and more sophisticated trading strategies. As liquidity builds, we will introduce leveraged trading, arbitrage, and market-making opportunities—expanding financial access and driving the evolution of a truly integrated, onchain global financial system.

The 4 Strategies of Capital Allocators

For a market to be truly complete, it must support the four core strategies used by capital allocators: spot trading, leveraged trading, hedging, and arbitrage. These strategies are the foundation of mature financial markets, allowing participants to take directional bets, manage risk, and capture inefficiencies.

A market cannot function without a liquid spot market. Before traders can hedge, leverage, or arbitrage an asset, there must first be deep liquidity for it. Historically, DeFi has been fragmented, with many assets lacking the infrastructure to support these strategies. MoreMarkets is changing that by building complete markets for previously excluded assets—starting with spot trading.

Here's how we define a complete market:

Spot Trading (The Foundation) – Buying or selling an asset for immediate delivery at the current market price. Once this market is liquid, it unlocks everything that follows.

Example: A Solana user wants exposure to XRP without having to go to a centralized exchange. MoreMarkets enables them to trade moreXRP directly on Solana, keeping transactions onchain and on one platform.

Leveraged Trading – Borrowing funds to amplify exposure to an asset, increasing potential gains (or losses).

Example: A trader expects XRP to rise. On a Solana Perp DEX, they open a 10x long on moreXRP with 100 USDC, controlling a $1,000 position. A 10% price increase doubles their money, while a 10% drop liquidates them.

Hedging – Taking offsetting positions to mitigate risk and stabilize returns.

Example: A trader holds 10,000 moreXRP on Solana but fears a price drop. They short moreXRP perps on a Solana DEX—gains from the short offset losses on their spot holdings, hedging risk without selling.

Arbitrage – Capturing price differences between markets to earn risk-free profit.

Example: A trader spots a price difference between XRP on one DEX and XRP on another DEX. By arbitraging these discrepancies, they improve price efficiency while profiting from the spread.

For DeFi to truly replace traditional finance, it must offer deep liquidity and a complete market by enabling these four strategies, MoreMarkets is transforming fragmented, incomplete markets into fully functional DeFi ecosystems where the entire range of capital allocators can meet and interact with minimal friction. Previously sidelined assets like XRP, DOGE, XLM, and ADA will no longer be limited to centralized exchanges—traders will have the same market depth and trading opportunities as they do with native DeFi assets.

This is how DeFi expands into real financial infrastructure. MoreMarkets is not just unlocking new trading opportunities—it is building the foundation for a fully onchain financial system, where all assets can be traded, borrowed, and hedged seamlessly across decentralized markets.