Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»What Ripple’s latest updates to the XPRL mainnet entails
Altcoins

What Ripple’s latest updates to the XPRL mainnet entails

2023-09-07No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 7, 2023

  • The project planned to integrate an automated trading pool and opt-in for newly issued assets.
  • XRPL’s DEX volume was very low while trustlines issued increased.

RippleX, Ripple’s [XRP] extension of its open-developer money platform has announced two new merged proposals to be implemented on the XRP Ledger (XRPL). According to the development team, the new updates include the XLS-39 Clawback spec and XLS-30 AMM spec.


How much are 1,10,100 XRPs worth today?


From Ripple’s GitHub profile, the proposal was put out by Manojsdoshi. The community member had opined that the implemented version of the updates would result in a Ripple version 1.12.0. While the proposal would need the approval of the validator community, RippleX did well to explain the roles of both specifications.

XRPL needs the AMM

To start with, RippleX said that XLS-30 would bring a native Automated Market Maker (AMM) to the XPRL. The development group also noted that the integration would enable automated liquidity pool trading. Also, it could expand Ripple’s share of the DEX market. 

Meanwhile, on-chain data showed that the XRPL may be in dire need of the XLS-30 due to the state of the DEX volume. The DEX volume on the XRPL includes all trades where at least one of the assets in the pair has recently traded against XRP.

But from Santiment’s data, the DEX volume was in a sorry state. At the time of writing, the volume was down to $6,718, far below the heights in early August, when the volume repeatedly crossed the $1 million mark.

XRPL DEX volume and transaction count

Source: Santiment

Another reason for this decline is the transaction count. At press time, the transaction count on the XRPL was 36,700. This meant that aggregate transactions on the network have not been impressive.

See also  Balchunas predicts ETH ETF launch in late June, while Grayscale updates S-3 statement

Claws on the trustlines

For the second feature, the XLS-39 Clawback, RippleX explained that it would provide an opt-in capability for newly issued assets via a trustline if approved. 

According to Santiment, the daily net amount of trustlines created has been increasing. This means that activity on the XRPL through time has increased. However, the daily new XRPL assets issued had reduced. 

This metric tracks only the new assets issued per day. So, the decrease implies only a small number of assets have been issued on the XRPL. 

XRPL trustlines and assets issued

Source: Santiment


Is your portfolio green? Check the XRP Profit Calculator


Furthermore, Ripple noted that validator approval was not the only condition to approve the proposals. While encouraging all members of the community to review the proposals, it mentioned two conditions for the proposal to be passed. The conditions include:

“At least 80% of validators must approve the amendment by updating their vote to “yes”.  Also, this minimum threshold must remain for at least 2 weeks.” 



Source link

entails Latest Mainnet Ripples Updates XPRL
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Arbitrum: Of Inscriptional frenzy and blackouts

2023-12-19

The Digital Chamber Urges Lawmakers to Classify NFTs as Consumer Goods Over SEC Enforcement Concerns

2024-09-10

The Fabricant’s Primal Rave Collection Ushers in a New Era

2023-08-11
Editors Picks

Retail investors pour $ 4,700,000,000 on the stock market in one day in the middle of Market Meltdown: JPMorgan Chase

2025-04-05

A new era for in-game transactions

2024-05-05

Federal Reserve ends enforcement action against crypto-friendly bank Silvergate after imposing a $43,000,000 fine

2024-07-27

Bitcoin enrollment with Ordinals Token Cache scooped up nearly $1 million

2023-05-10
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

All the reasons why the price of Bitcoin could be set for an explosive rally

XRP – Price is struggling to keep the ground – breakdown or breathing break?

Ethereum revise the market signs of December 2024 – This is what it means for you

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,232.51-0.67%
  • ethereumEthereum(ETH)$2,403.71-4.26%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.31-3.60%
  • binancecoinBNB(BNB)$639.06-0.99%
  • solanaSolana(SOL)$161.97-5.03%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.218078-1.57%
  • cardanoCardano(ADA)$0.72-4.54%
  • tronTRON(TRX)$0.264273-3.23%
  • suiSui(SUI)$3.71-3.89%
  • chainlinkChainlink(LINK)$15.19-3.40%
  • avalanche-2Avalanche(AVAX)$21.69-6.23%
  • stellarStellar(XLM)$0.280633-3.84%
  • hyperliquidHyperliquid(HYPE)$26.05-3.17%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.57%
  • hedera-hashgraphHedera(HBAR)$0.188191-3.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-0.86%
  • bitcoin-cashBitcoin Cash(BCH)$382.86-3.99%
  • the-open-networkToncoin(TON)$3.03-2.88%
  • litecoinLitecoin(LTC)$95.73-2.90%
  • polkadotPolkadot(DOT)$4.50-5.21%
  • moneroMonero(XMR)$344.280.11%
  • bitget-tokenBitget Token(BGB)$5.140.09%
  • pepePepe(PEPE)$0.0000130.44%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.56%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.76-3.45%
  • bittensorBittensor(TAO)$398.23-7.18%
  • nearNEAR Protocol(NEAR)$2.72-2.44%
  • aaveAave(AAVE)$218.49-3.75%
  • okbOKB(OKB)$52.17-1.59%
  • aptosAptos(APT)$4.95-4.94%
  • ondo-financeOndo(ONDO)$0.90-3.58%
  • kaspaKaspa(KAS)$0.106175-4.64%
  • internet-computerInternet Computer(ICP)$5.08-3.50%
  • ethereum-classicEthereum Classic(ETC)$17.77-3.59%
  • gatechain-tokenGateToken(GT)$21.45-0.87%
  • crypto-com-chainCronos(CRO)$0.095617-3.50%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.65-3.30%
  • mantleMantle(MNT)$0.73-0.10%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232425-2.61%
  • vechainVeChain(VET)$0.027360-3.56%
  • render-tokenRender(RENDER)$4.41-5.31%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.355311-7.03%
  • filecoinFilecoin(FIL)$2.79-3.09%
  • algorandAlgorand(ALGO)$0.215197-2.79%
  • cosmosCosmos(ATOM)$4.72-1.32%
  • bitcoinBitcoin(BTC)$103,232.51-0.67%
  • ethereumEthereum(ETH)$2,403.71-4.26%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.31-3.60%
  • binancecoinBNB(BNB)$639.06-0.99%
  • solanaSolana(SOL)$161.97-5.03%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.218078-1.57%
  • cardanoCardano(ADA)$0.72-4.54%
  • tronTRON(TRX)$0.264273-3.23%
  • suiSui(SUI)$3.71-3.89%
  • chainlinkChainlink(LINK)$15.19-3.40%
  • avalanche-2Avalanche(AVAX)$21.69-6.23%
  • stellarStellar(XLM)$0.280633-3.84%
  • hyperliquidHyperliquid(HYPE)$26.05-3.17%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.57%
  • hedera-hashgraphHedera(HBAR)$0.188191-3.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-0.86%
  • bitcoin-cashBitcoin Cash(BCH)$382.86-3.99%
  • the-open-networkToncoin(TON)$3.03-2.88%
  • litecoinLitecoin(LTC)$95.73-2.90%
  • polkadotPolkadot(DOT)$4.50-5.21%
  • moneroMonero(XMR)$344.280.11%
  • bitget-tokenBitget Token(BGB)$5.140.09%
  • pepePepe(PEPE)$0.0000130.44%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.56%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.76-3.45%
  • bittensorBittensor(TAO)$398.23-7.18%
  • nearNEAR Protocol(NEAR)$2.72-2.44%
  • aaveAave(AAVE)$218.49-3.75%
  • okbOKB(OKB)$52.17-1.59%
  • aptosAptos(APT)$4.95-4.94%
  • ondo-financeOndo(ONDO)$0.90-3.58%
  • kaspaKaspa(KAS)$0.106175-4.64%
  • internet-computerInternet Computer(ICP)$5.08-3.50%
  • ethereum-classicEthereum Classic(ETC)$17.77-3.59%
  • gatechain-tokenGateToken(GT)$21.45-0.87%
  • crypto-com-chainCronos(CRO)$0.095617-3.50%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.65-3.30%
  • mantleMantle(MNT)$0.73-0.10%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232425-2.61%
  • vechainVeChain(VET)$0.027360-3.56%
  • render-tokenRender(RENDER)$4.41-5.31%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.355311-7.03%
  • filecoinFilecoin(FIL)$2.79-3.09%
  • algorandAlgorand(ALGO)$0.215197-2.79%
  • cosmosCosmos(ATOM)$4.72-1.32%