Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
XRPL
Ripple News: XRP Ledger (XRPL) Enhances AMM Functionality with Latest Mainnet Amendment
The XRP Ledger (XRPL) has recently implemented the ‘fixAMMOverflowOffer’ amendment, a crucial update aimed at rectifying issues associated with large synthetic AMM offers. The latest ‘fixAMMOverflowOffer’ update aims to streamline operations and boost efficiency on DEXes. In a significant development, the XRP Ledger (XRPL) has implemented a pivotal Automated Market Maker (AMM) amendment, aimed at enhancing functionality and rectifying critical issues. Named ‘fixAMMOverflowOffer,’ this update specifically targets challenges associated with large synthetic AMM offers, thereby streamlining operations on decentralized exchanges…
1 year ago
Ripple’s XRPL Expands with DeFi Synergy & Investors Bullish on AI Altcoin’s Future Performance
The post Ripple’s XRPL Expands with DeFi Synergy & Investors Bullish on AI Altcoin’s Future Performance appeared first on Coinpedia Fintech News Ripple (XRP) has just made a significant move to unlock various decentralized finance capabilities on its XRPL blockchain as it launches its automated market maker (AMM) protocol that was developed on its blockchain. The release of the AMM is expected to expand the decentralized capabilities of the XRP Ledger and allow for cross-chain uses among over 50 blockchains.…
1 year ago
Ripple Reveals Auto-Bridging for Efficient Stablecoin Swaps on XRPL
The post Ripple Reveals Auto-Bridging for Efficient Stablecoin Swaps on XRPL appeared first on Coinpedia Fintech News Ripple’s Chief Technology Officer, David Schwartz, has unveiled an exciting feature of the XRP Ledger (XRPL) called “Auto-bridging”. This innovative addition aims to transform the trading of stablecoins on the XRPL, promising greater efficiency and liquidity. With anticipation mounting, Schwartz sheds light on how this feature is poised to redefine trading on the XRPL platform. The Power of Auto-Bridging Ripple’s Chief Technology Officer…
1 year ago
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XRPLRipple’s XRPL Breakthrough: Surpasses 87 Million Ledgers Milestone
The XRP Ledger (XRPL) has achieved a significant milestone by surpassing 87 million ledgers, marking its dominance in digital transaction management. Ripple’s XRPL shows robust growth with over 5 million accounts and more than 60 billion XRP held, highlighting its capability in handling and safeguarding extensive digital assets. The XRP Ledger (XRPL), according to recent updates from Binance and XRP Ledger services, has reached a noteworthy milestone by surpassing 87 million ledgers, currently standing at 87,012,561. This achievement underlines the…
1 year ago
XRP Ecosystem Faces Setback as Major Contributor Departs Amid XRPL Concerns
Dev Null Productions leaves the XRP ecosystem due to losing faith in Ripple and XRPL Foundation leadership, citing concerns over transparency and market performance. Concerns over transparency and accountability, compounded by legal battles and market underperformance, have led to widespread disappointment within the XRP ecosystem Dev Null Productions, a renowned contributor to the XRP ecosystem, has announced its departure. Citing a loss of faith and concerns over the actions of top leadership within Ripple and the XRPL Foundation (XRPLF), the…
1 year ago
XRPL Developer Raises Concerns: Ripple’s Selective Funding Risks Innovation – Should XRP Investors be Concerned?
A leading XRP Ledger (XRPL) developer has raised concerns about Ripple’s selective funding that could risk future innovations on the project. XRPL is one of the key drivers of XRP price movements, mass adoption, and the growth of the entire Ripple ecosystem. The XRP Ledger (XRPL) has garnered massive attention in recent months, driving adoption and innovation into the network. However, some developers and enthusiasts have been raising concerns that the network has been dragging behind its peers. Bob Ras,…
1 year ago
Ripple Reacts to Research Revealing Empty XRP Transactions
A research paper was published on the website of Cornell University claiming that just 2 percent of all XRP transactions resulted in value transfers. The researchers noted that the majority of transactions on the XRP Ledger had zero value (that is, empty), which is a cryptocurrency version of spam. A software engineer and PhD student at Imperial College London was in charge of the published research which revealed the predominant spam on EOS and Tezos network traffic. Ripple responded to the research paper but…
5 years ago
FinNexus Announces Leverage of XRP Ledger for Token Issuance
Recently, FinNexus announced the use of the XRP ledger in a blog post. The development is a new milestone for XRPL. FinNexus is an open finance space that came up with a roadmap this year. The finance hub intends to use the XRP ledger for asset tokenization in protocol development. As in the roadmap, the finance hub noted the possibility of turning to some networks for creating a PCAP with the capability of connecting various digital currencies that include Ripple…
5 years ago