Ripple CEO “Particularly Excited” About Native AMMs

by

As an experienced financial analyst, I see Ripple’s most recent quarterly report as a significant milestone for the company and the XRP Ledger. The activation of the Automated Market Maker (AMM) feature in Q1 is indeed one of the largest updates to the XRPL, as both Brad Garlinghouse and David Schwartz have emphasized.

Brad Garlinghouse, CEO of Ripple, discussed the company’s latest quarterly report, drawing attention to the activation of the Automated Market Maker (AMM) feature in the first quarter. He emphasized that this is a significant development for the XRP Ledger.

A significant milestone 

According to U.Today’s report, the long-awaited Automated Market Maker (AMM) feature was launched on the XRP Ledger in late March, generating excitement within the crypto community. Ripple’s chief cryptographer, David Schwartz, heralded this event as a “notable milestone” for the XRP platform.

I experienced some unexpected challenges during the Automated Market Maker (AMM) launch. The rollout of this new feature didn’t go as planned due to a major technical glitch that affected its intended functionality. Fortunately, the dedicated development team identified and resolved the issue promptly, ensuring the long-term stability of our crypto investment platform.

The AMM functionality was then integrated into the mainnet of the XRP Ledger in early April. 

In future quarterly reports, Ripple will be including AMM volume in the DEX volume. 

Other key highlights 

In addition to the significant advancement of the Automated Market Making (AMM) feature, Ripple also showcased other noteworthy progressions in their latest quarterly update.

Notable advancements encompass Ripple’s continuous legal battle with the SEC concerning penalties and fines, the green light given to Bitcoin ETFs, and international regulatory progressions.

Ripple reported that the unpredictability in XRP markets continues to be high.

Read More

2024-05-19 11:05