- Ripple’s CTO has praised the long-anticipated launch of AMM functionality on XRPL.
- The AMM brings passive income opportunities for XRP holders through liquidity provision on XRPL DEX.
- Currently, 210 liquidity pools are in operation, the largest being the USDC/XRP pair, boasting $178.3K in liquidity.
David Schwartz, Ripple’s Chief Technology Officer, has praised the long-anticipated launch of automated market maker (AMM) functionality on the XRP Ledger. The RippleX team announced the rollout of the XRPL AMM on March 22, hailing it as a significant evolution of the platform’s native decentralized exchange.
Previously, liquidity on the XRPL DEX depended solely on manual market making. However, with the recent integration, a non-custodial automated market maker has become a central feature of the XRPL DEX.
One of its key advantages is that the AMM brings passive income opportunities for the XRP community as they can become liquidity providers on XRPL DEX. Ripple’s CTO, David Schwartz, expressed his satisfaction with the debut of this liquidity provision service on the XRP blockchain. He noted that it c…
The post Ripple Executive Delighted as XRPL AMM Finally Rolls Out, Featuring 210 XRP Liquidity Pools appeared first on Coin Edition.