Ripple (XRP) brings key update to XRPL mainnet

Ripple (CRYPTO:XRP) has introduced a major update to the XRP Ledger (XRPL) mainnet, enhancing the Automated Market Maker (AMM) feature with the activation of the fixAMMv1_1 update on September 24. 

According to XRPScan, this update was approved by 28 out of 35 votes, making it one of the most anticipated developments on the XRPL this year. 

The update focuses on improving the performance, efficiency, and usability of the AMM, a decentralised mechanism that allows users to trade assets directly on XRPL without intermediaries. 

The fixAMMv1_1 update is part of a larger series of improvements, with two additional amendments expected in the coming weeks. 

This development is essential for users who rely on XRPL’s AMM feature for trading and liquidity. 

The new functionality is designed to streamline the trading process and minimise risks for liquidity providers, which can help bolster XRPL’s role in decentralised finance (DeFi). 

Ripple has also been expanding its ecosystem beyond this update. 

Fintech firm OpenEden recently announced plans to bring tokenised U.S. Treasury bills (T-bills) to XRPL for the first time, which is expected to draw institutional interest. 

This initiative is part of Ripple’s broader efforts to support real-world asset tokenisation. 

Ripple also revealed plans to invest $10 million into tokenised products, signaling its commitment to bridging the gap between traditional finance and DeFi. 

Markus Infanger, Senior Vice President at RippleX, noted, “Institutions are increasingly looking at where to tokenise their real-world assets, and the arrival of T-bills on the XRPL reinforces the decentralized Layer 1 blockchain as a key platform for real-world asset tokenization.”

At the time of reporting, the XRP price was $0.5824.