XRPL

The post Ripple Labs Reports 108% Surge in XRPL Transactions for Q1 2024 appeared first on Coinpedia Fintech News In the latest report released by Ripple Labs Inc., total XRPL transactions increased by 108%, rising to 251 million from 121 million in Q4 2023. New applications and users drove this impressive growth. Additionally, its volume on the DEX increased by 5% from the previous quarter. Despite these developments, the number of new wallets on the protocol dropped by 11% compared…

Building an XRPL EVM sidechain together, Ripple and Evmos improve Web3 capabilities. Inviting developers to become part of the XRPL ecosystem, Evmos promises $5 million in awards. An XRP Ledger (XRPL) EVM sidechain will be built in collaboration with Cosmos’ Ethereum Virtual Machine (EVM)-based protocol, Evmos. A major milestone in Ripple’s strategic entry into the Web3 commercial market, this partnership also includes crypto software company Peersyst. Thanks to Evmos, the #XRPArmy joins the open, scalable, and interconnected economy of the…

The post Ripple and Evmos to Launch EVM Sidechain for XRPL appeared first on Coinpedia Fintech News Ripple has announced a collaboration with Evmos to create an EVM-compatible sidechain for the XRP Ledger (XRPL). Partnering with Peersyst, this project aims to integrate EVM applications into XRPL’s $27 billion ecosystem. The sidechain, built on the evmOS solution, will support native Web3 applications and provide access to over 60 Cosmos SDKs, IBC protocols, and more than 90 connected chains. Additionally, Evmos has…

On April 30, Ripple announced a partnership with HashKey Group, furthering its collaboration with financial services giant SBI Group. The joint venture with HashKey DX, a Tokyo-based specialized consulting company of the HashKey Group, aims to introduce XRP Ledger (XRPL) enterprise solutions to the Japanese market. HashKey DX will deploy supply chain finance solutions to Japan through the partnership, which was highlighted by company CEO Brad Garlinghouse in a post on X. JapanXRPL https://t.co/qjnyvnoTRF — Brad Garlinghouse (@bgarlinghouse) April 30,…

The XRPL Automated Market Makers have seen a marked increase in the total value locked (TVL), surpassing over 7 million XRP.  SOLO/XRP pool has the largest share of TVL among XRPL AMM pools, in the amount of over 1,000 000 XRP, equal to $911,600.  The XRPL (XRP Ledger) Automated Market Makers have seen a marked increase in the total value locked (TVL), surpassing over 7 million XRP. The DeFi analytics tool DeXfi data showed that the total value locked (TVL)…

XRPL DeFi boom as its AMM pool records an impressive growth from 277 to 316, pushing the locked XRP tokens from 1.8 million to 2.15 million.  Analyst predicts that XRP could replicate its 942% run in 2021 to stage a bullish reversal to $5 after the Bitcoin halving.  The Decentralized Finance (DeFi) industry has recorded significant growth in the past few years with the market size estimated to be $46.61 billion in 2024. According to a report, the size is…

The XRP locked in AMM pools on the XRPL ledger has surpassed 2.2 million, leading to speculation that it could lead to a supply shock in the Ripple ecosystem. After a bullish start, the AMM feature was hit by a bug earlier this month, leading to a mass exodus, but it has since recovered and is growing at a rapid pace. The XRP Ledger (XRPL) continues to grow at a rapid pace, and its decentralized finance (DeFi) world is proving…

The post Ripple X Dev Unveils Native Lending Protocol Proposal for XRPL appeared first on Coinpedia Fintech News Ripple X Dev recently announced on X that the long-awaited proposal for Native Lending Protocol on the XRP Ledger is finally up for review and feedback from the general public. Ripple’s Chief Technology Officer, Joel Katz, has also expressed enthusiasm for the proposal, highlighting its potential to revolutionize the XRPL’s utility. Expanding DeFi Capabilities The XRPL proposal introduced by developers Aanchal Malhotre…

XRPL’s recently introduced AMM feature incorporates a mechanism to burn XRP tokens to deter spam transactions. This deflationary model aligns with the expanding DeFi ecosystem and enhances liquidity within the XRPL network. The XRP Ledger (XRPL) recently rolled out its Automated Market Maker (AMM) feature, which enhances liquidity while simultaneously reducing the total supply of XRP tokens through burning mechanisms. This innovative step marks a significant stride towards a deflationary model within the XRPL ecosystem. The introduction of the XRPL…