Hold onto your hats, XRP fans! There's some exciting news rolling in this week. The team behind XRP Ledger (XRPL) is hitting us with not one but two sizzling amendments.
Here's the scoop: Earlier this month, the XRPL squad announced a game-changing update called fixAMMv1_1, and boy, is it a big deal! This update, which got the green light with 28 out of 35 votes, is all set to roll out within two weeks.
According to XRPScan, the team flipped the switch on the XRPL mainnet on September 24. This upgrade is all about supercharging the Automated Market Maker (AMM) functionality, making it smoother, faster, and easier to use.
So what's the AMM, you ask? It's a decentralized wizardry that lets users trade assets directly on the XRPL without those pesky middlemen. The aim here is to make trading as seamless as possible while cutting down risks for liquidity providers.
But wait, there's more! This isn't the only trick up XRPL's sleeve this week. They've got three amendments lined up for activation. And if you think that's impressive, just last month, they gave their main Testnet a makeover to boost stability and lower node-running costs.
In another cool twist, fintech firm OpenEden plans to bring tokenized US Treasury bills (T-bills) to the XRPL for the first time, thanks to a $10 million investment fund from Ripple. This move is creating quite the buzz in the finance world, proving that XRPL is a top player in real-world asset tokenization.
Markus Infanger, the Senior VP at RippleX, chimed in, saying institutions are increasingly eyeing XRPL as the go-to blockchain for tokenizing real-world assets. Talk about a confidence boost!
As for XRP itself, the token is holding steady at around $0.58, with minimal volatility following these announcements. It's up a sweet 10% over the past two weeks, spurred by positive news like Grayscale launching a dedicated Ripple Trust and the US Fed lowering interest rates by 0.5%.
Feeling optimistic about XRP's future? You're not alone. There are some bullish price predictions out there, so keep your eyes peeled for more updates!
