|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Breaking: AMM Feature Goes Live on XRP Ledger (XRPL) Mainnet
Mar 23, 2024 at 07:01 am
The XRP Ledger (XRPL) has introduced an Automated Market Maker (AMM) feature on its mainnet, marking a significant milestone in its development. The AMM enables the creation of liquidity pools, facilitating token swaps and paving the way for decentralized exchanges within the XRPL ecosystem. This launch aligns with the XRPL's goal of expanding its DeFi capabilities and attracting developers seeking alternative platforms to build decentralized applications.
After months of amendments and waiting, the XRP Ledger (XRPL) has finally welcomed the Automated Market Maker (AMM) feature to go live on the mainnet.
XRP Ledger AMM: New Pool Emergence
The AMM feature on the XRP Ledger was teased more than a year ago and it follows many developmental efforts and amendments by developers associated with Ripple Labs. As announced by the XRP Ledger explorer XRPScam, the first pools have started rolling into the new Automated Market Maker engine.
The new AMM engine has some liquidity pools with the top 5 pools showcased in the X post. The pool with the largest liquidity featured the address “rf7g4JWC…..hCaV” with the XRP/CSC token pair. The pool has an LPToken balance of 19,948,160.210725 units.
AMM is now live on XRPL mainnet! First few pools are rolling in 😀 – https://t.co/RR0LsMcvEG pic.twitter.com/epnT2QESzS
— XRPScan (@xrpscan) March 22, 2024
This pool is followed by the address with the marker “rXt6n5 … .8eql” consisting of the XRP/XSG pair. This pool boasts a balance of 54,772.255751 LPToken. The newly launched AMM also boasts of the XRP/USD, XDX/XIO, and XRP/BTC alongside other numerically christened tokens.
With the XRP Ledger looking to secure a market share in the broader Decentralized Finance (DeFi), the launch of the AMM will serve as a primary competing avenue for the smart contract network. The AMM makes token swapping easier, a provision that will birth many decentralized exchanges, an arena currently dominated by Uniswap on Ethereum.
The AMM feature will also help usher in bridges that can spark another bout of innovation within the XRP ecosystem.
The Start of a New Era
The XRP Ledger protocol through the AMM launch has entered into a new era that, when complemented with the full launch of Hooks, its smart contract engine, has several upsides to bring to the ecosystem.
XRP Ledger has already gained notable acclaim as a high-performing blockchain with suitability for payments and cross-border settlement. With the AMM feature, Hooks, and Clawback feature that was being pushed by developers, innovators can now match DApp on Solana, BNB Chain, Avalanche, and Ethereum amongst others.
The XRP Ledger is still anticipating additional upgrades which will also contribute to its ecosystem. Ultimately, with the AMM launch on the mainnet, native protocols like Evernode may now live out their true potential.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- USTC Might Soon Hit $0.081, as the Token Successfully Breaks Out of Multiple Resistive Trends: Javon Marks
- Sep 26, 2024 at 12:20 am
- In a tweet, popular analyst Javon Marks expressed his bullish stance on the USTC coin, forecasting a significant increase.
-
- Fallen Fave Cardano (ADA): A Challenging Year; Gamechanger GEGG: A Shifting The Landscape
- Sep 26, 2024 at 12:20 am
- As Cardano (ADA) struggles to gain significant momentum in 2024, crypto investors are turning their attention to emerging projects such as GoodEgg (GEGG) and BlockDag (BDAG).
-
- Raboo (RBOO) Overshadows XRP and Aptos as the Best Crypto Investment for Explosive Gains in 2024
- Sep 26, 2024 at 12:20 am
- For the next bull run, investors are turning their attention to established players like XRP and newer contenders like Aptos. Both coins present solid investment cases, but which one will deliver the most explosive returns? With experts weighing in on each project's potential, debate across crypto market news sources is intensifying. However, Raboo, an emerging player in the meme coin space, could overshadow them both in terms of growth potential.
-
- GoodEgg Token (GEGG): A Futuristic Play-to-Date Crypto That Has Attracted a Cardano (ADA) Millionaire
- Sep 26, 2024 at 12:20 am
- As Cardano (ADA) prepares for a potential surge, GoodEgg (GEGG) is capturing the imagination of high-profile investors
-
- OKX Wallet Launches 'Avalanche DeFi Season' Campaign Featuring a 15,000 AVAX Reward Pool
- Sep 26, 2024 at 12:20 am
- SINGAPORE, Sept. 25, 2024 (GLOBE NEWSWIRE) -- OKX, global Web3 technology company, has issued updates for September 25, 2024.
-
- Bitcoin Critic Peter Schiff Explains Why He Thinks BTC Is Not as Useful as Gold and Oil
- Sep 26, 2024 at 12:20 am
- In response to a pro-Bitcoin investors' statement, prominent Bitcoin critic and gold advocate Peter Schiff expressed his opinions on the cryptocurrency's lack of usefulness.
-
- Binance Charity Pledges $1.5 Million in BNB to Support Storm Boris Flood Victims in Central Europe
- Sep 26, 2024 at 12:20 am
- Binance Charity is providing up to $1.5 million in Binance Coin (BNB) to support affected users by the catastrophic flooding in Central Europe caused by
-
- Rollblock (RBLK) GambleFi Platform Could Surpass BNB and Solana, Crypto Analysts Agree with ChatGPT
- Sep 26, 2024 at 12:20 am
- Crypto analysts are aligning with ChatGPT’s forecasts, which position Rollblock (RBLK) as the next promising contender to bypass popular cryptocurrencies like
-
- Solana, Sui, and Cutoshi: Which Altcoins Are Primed to Enter a New Mind-Blowing Rally?
- Sep 26, 2024 at 12:20 am
- Crypto fans are all fired up about three hot altcoins ahead of the next big rally: Solana (SOL), Sui (SUI), and the new DeFi meme coin, Cutoshi (CUTO).