{"id":151626,"date":"2023-09-07T21:22:34","date_gmt":"2023-09-07T15:52:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151626"},"modified":"2023-09-07T21:22:34","modified_gmt":"2023-09-07T15:52:34","slug":"what-ripples-latest-updates-to-the-xprl-mainnet-entails-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-ripples-latest-updates-to-the-xprl-mainnet-entails-crypto-news\/","title":{"rendered":"What Ripple&#8217;s latest updates to the XPRL mainnet entails &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG-9126-scaled-e1677641698928-80x80.jpg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 7, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<ul>\n<li><em>The project planned to integrate an automated trading pool and opt-in for newly issued assets.<\/em><\/li>\n<li><em>XRPL\u2019s DEX volume was very low while trustlines issued increased.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">RippleX, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/ripple\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Ripple\u2019s [XRP]<\/span><\/a><span style=\"font-weight: 400\"> extension of its open-developer money platform has <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/XRPLF\/rippled\/pull\/4690\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> 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.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-xrp-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">1,10,100 XRPs worth today<\/span><\/a><span style=\"font-weight: 400\">?<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">From Ripple\u2019s 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.<\/span><\/p>\n<h4><b>XRPL needs the AMM<\/b><\/h4>\n<p><span style=\"font-weight: 400\">To start with, RippleX said that <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensource.ripple.com\/docs\/xls-30d-amm\/amm-uc\/\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">XLS-30<\/span><\/a><span style=\"font-weight: 400\"> 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\u2019s share of the DEX market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, on-chain data showed that the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/xrpl\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">XRPL<\/span><\/a><span style=\"font-weight: 400\"> 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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts\/aEAO11eN__sCl\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">Santiment\u2019s data<\/span><\/a><span style=\"font-weight: 400\">, 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.<\/span><\/p>\n<div id=\"attachment_341601\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-341601\" class=\"size-full wp-image-341601\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"XRPL DEX volume and transaction count\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-341601\" class=\"size-full wp-image-341601\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.28.56-07-Sep-2023.png\" alt=\"XRPL DEX volume and transaction count\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-341601\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<h4><b>Claws on the trustlines<\/b><\/h4>\n<p><span style=\"font-weight: 400\">For the second feature, the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensource.ripple.com\/docs\/clawback\/clawback-of-issued-currency\/\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">XLS-39 Clawback<\/span><\/a><span style=\"font-weight: 400\">, RippleX explained that it would provide an opt-in capability for newly i<\/span><span style=\"font-weight: 400\">ssued assets<\/span><span style=\"font-weight: 400\"> via a trustline if approved.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span><\/p>\n<div id=\"attachment_341599\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-341599\" class=\"size-full wp-image-341599\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"XRPL trustlines and assets issued\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-341599\" class=\"size-full wp-image-341599\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/XRP-Ledger-XRP-09.41.46-07-Sep-2023.png\" alt=\"XRPL trustlines and assets issued\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-341599\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Is your portfolio green? Check the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/ripple-profit-calculator\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">XRP Profit Calculator<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Furthermore, Ripple noted that validator approval was not the only condition to approve the proposals. While <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RippleXDev\/status\/1699559403978907764\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">encouraging<\/span><\/a><span style=\"font-weight: 400\"> all members of the community to review the proposals, it mentioned two conditions for the proposal to be passed. The conditions include:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cAt least 80% of validators must approve the amendment by updating their vote to \u201cyes\u201d.\u00a0 Also, this minimum threshold must remain for at least 2 weeks.\u201d<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 7, 2023 The project planned to integrate an automated trading pool and opt-in for newly issued assets. XRPL\u2019s DEX volume was very low while trustlines issued increased. RippleX, Ripple\u2019s [XRP] extension of its open-developer money platform has announced two new merged proposals to be implemented on the XRP Ledger (XRPL). According to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":151627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-151626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151626"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151626\/revisions"}],"predecessor-version":[{"id":151629,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151626\/revisions\/151629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151627"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}