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<\/p>\n
- \n
- More users interacted with the XRP Ledger hours after the completion of the XLS-30 AMM testing.<\/em><\/li>\n
- If the AMM is finally deployed, the XRP DEX volume may increase.<\/em><\/li>\n<\/ul>\n
Active addresses on the <\/span>Ripple [XRP]<\/span><\/a> network climbed to 24,400 on 8 October, according to data from Santiment. Previously, on 7 October, XRP\u2019s active addresses were as low as 13,100. So, the increase means that an additional 10,000+ users decided to interact with the blockchain.<\/span><\/p>\n
\nHow much are <\/span>1,10,100 XRPs worth today<\/span><\/a>?<\/span><\/p>\n
\nLike the 24-hour active addresses, Ripple\u2019s development activity rose to 0.342. In fact, the development activity has been rising since 1 October. <\/span><\/p>\n
In the crypto ecosystem, a developer\u2019s time is an expensive resource. Therefore, a rise in this metric <\/span>suggests<\/span><\/a> that a project is serious about shipping new features or addressing existing issues. And that was the case with XRP as well.<\/span><\/p>\n
![\"XRP](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP-Ledger-XRP-07.03.02-08-Oct-2023.png\")
<\/a><\/p>\nSource: Santiment<\/p>\n<\/div>\n
Testing finalized<\/b><\/h4>\n
Interestingly, it seemed that there were grounds for the rise in development activity and XRP active addresses. On 6 October, RippleX, the developer arm of the Ripple network and the XRP Ledger (XRPL), confirmed that the <\/span>XLS-30 AMM <\/span><\/a>performance testing has been completed.<\/span><\/p>\n
\n
1\/ Extensive performance testing of the XLS-30 #AMM<\/a> has now been completed.<\/p>\n
XLS-30 is a proposed amendment as part of the rippled 1.12.0 upgrade. If adopted, it will bring automated swap, trading, and liquidity provisioning capabilities to the #XRPLedger<\/a>.https:\/\/t.co\/Cz1w76uc8c<\/a><\/p>\n
\u2014 RippleX (@RippleXDev) October 6, 2023<\/a><\/p>\n<\/blockquote>\n
XLS-30\u2019s journey began around July with the blockchain proposing to add extra features to the XRP Ledger. As a result of the proposition, the developers finally agreed to build the XLS-30 to enable liquidity provision, trading, and automated swap on the XRPL. <\/span><\/p>\n
For some, this means that the XRPL was transitioning into becoming a full-fledged DeFi protocol.<\/span><\/p>\n
After smart contracts audit firm Certik found no major issues and resolved 35 minor challenges with the XLS-30, RippleX decided that it was time for performance testing. <\/span><\/p>\n
RippleX mentioned that,<\/span><\/p>\n
\n
\u201cTo complement a secure codebase, the RippleX team has conducted ongoing performance testing of the core XRP Ledger for over a year. A rigorous methodology has been employed to assess the ledger\u2019s and consensus\u2019s performance and latency to ensure the health of XRPL MainNet.\u201d<\/span><\/p>\n<\/blockquote>\n
While the development arm concluded that the XRPL was equipped to integrate the XLS-30, it also encouraged developers to review the testing report. This was because it is necessary to ensure that the project is in great condition before final deployment.<\/span><\/p>\n
Expect a change in XRP volume?<\/b><\/h4>\n
Meanwhile, the volume of XRP on Decentralized Exchanges (DEX) was down to 116 at the time of writing. The DEX volume is the total amount of cryptocurrency trading on a DEX within a certain period.<\/span><\/p>\n
\nRead <\/span>Ripple\u2019s [XRP] Price Prediction<\/span><\/a> 2023-2024<\/span><\/p>\n
\nCompared with previous days, the <\/span>volume<\/span><\/a> was a notable drop, implying how traders have avoided speculating around XRP. But with the forthcoming XLS-30 AMM, it is likely for the DEX volume to change since there would be more access to <\/span>liquidity<\/span><\/a> and increased swapping options.<\/span><\/p>\n
- If the AMM is finally deployed, the XRP DEX volume may increase.<\/em><\/li>\n<\/ul>\n
![\"XRP](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/XRP-Ledger-XRP-07.40.16-08-Oct-2023.png\")