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 Ripple CTO seeks community consensus for XRPL AMM feature adoption

Ripple CTO seeks community consensus for XRPL AMM feature adoption


Published: 2023-10-08


1. XRPL AMM Feature Adoption: - Ripple's chief technology officer (CTO),David Schwartz,is seeking community consensus for the adoption of an Automated Market Maker (AMM) feature on the XRP Ledger (XRPL). - AMM is a decentralized trading protocol that allows users to trade assets directly with the liquidity pool instead of relying on centralized exchanges. - By implementing AMM on XRPL,it will enhance the platform's liquidity and facilitate seamless asset swaps without the need for intermediaries.

2. Community Engagement and Consensus Building: - Schwartz emphasizes the importance of community involvement and consensus-building to ensure a smooth adoption process and address any concerns or potential risks. - Ripple aims to gather feedback from the XRPL community and involve developers in the decision-making process to achieve consensus. - Community consensus is crucial to ensure that the AMM feature aligns with the goals and values of the XRPL ecosystem.

3. Benefits and Implications of XRPL AMM Adoption: - XRPL adopting the AMM feature would open up new opportunities for token holders by enabling direct asset trading and improving liquidity. - The implementation of AMM on XRPL could reduce dependence on centralized exchanges and promote decentralization in the cryptocurrency market. - However,careful consideration must be given to potential risks,such as impermanent loss,price manipulation,and network congestion,which can affect the overall stability of trading on XRPL.

4. Conclusion: - Ripple's CTO is proactively seeking community consensus for the adoption of AMM on XRPL,aiming to enhance liquidity and decentralize trading. - The involvement of the community and developers is crucial to ensure a well-informed decision that aligns with the goals and values of XRPL. - The adoption of AMM on XRPL could bring numerous benefits but requires careful consideration of potential risks and implications.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,089.40 2,509,260,470.60
2 BTC title=BTC 63,704.45 2,219,227,795.20
3 ETH title=ETH 3,084.48 1,127,442,834.08
4 SOL title=SOL 156.53 778,732,055.54
5 PEPE title=PEPE <0.01 426,876,985.04
6 DOGE title=DOGE 0.16 348,656,011.71
7 XRP title=XRP 0.54 308,240,201.04
8 WIF title=WIF 3.49 277,564,680.36
9 ENA title=ENA 0.90 211,597,107.14
10 WLD title=WLD 6.24 209,026,566.19
11 BOME title=BOME 0.01 198,450,740.97
12 RNDR title=RNDR 10.35 133,364,023.15
13 NEAR title=NEAR 7.63 128,018,058.41
14 AVAX title=AVAX 37.39 112,907,283.39
15 BONK title=BONK <0.01 105,284,197.41
16 RUNE title=RUNE 5.50 100,758,624.34
17 FLOKI title=FLOKI <0.01 81,860,360.01
18 ETHFI title=ETHFI 3.99 73,416,701.08
19 ORDI title=ORDI 39.08 68,215,478.36
20 ARKM title=ARKM 2.70 64,848,596.33
21 AR title=AR 41.80 61,823,176.19
22 SUI title=SUI 1.12 61,613,481.59
23 MATIC title=MATIC 0.71 61,079,181.93
24 HBAR title=HBAR 0.11 52,058,867.05
25 FTM title=FTM 0.70 51,068,385.39
26 FIL title=FIL 6.06 50,405,682.18
27 LINK title=LINK 14.56 49,554,987.30
28 LTC title=LTC 81.23 47,365,129.05

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 OAX title=OAX 0.26 +18.10
2 Ethernity Chain title=ERN 5.01 +11.93
3 BOOK OF MEME title=BOME 0.01 +9.90
4 iExec RLC title=RLC 3.10 +8.93
5 Worldcoin title=WLD 6.24 +8.36
6 Jito title=JTO 3.74 +8.19
7 Powerledger title=POWR 0.33 +8.03
8 dogwifhat title=WIF 3.49 +7.86
9 Solana title=SOL 156.53 +7.05
10 Ethena title=ENA 0.90 +6.90
11 Yield Guild Games title=YGG 0.91 +6.82
12 Cortex title=CTXC 0.38 +6.47
13 Injective title=INJ 25.45 +6.17
14 THORChain title=RUNE 5.50 +5.92
15 Render title=RNDR 10.35 +5.57
16 Raydium title=RAY 1.76 +5.37
17 Arweave title=AR 41.80 +4.49
18 Arkham title=ARKM 2.70 +4.33
19 NEAR Protocol title=NEAR 7.63 +3.87
20 Polymesh title=POLYX 0.40 +3.72
21 Paris Saint-Germain Fan Token title=PSG 5.23 +3.49
22 Vulcan Forged title=PYR 4.63 +3.44
23 Chiliz title=CHZ 0.13 +3.15
24 SingularityNET title=AGIX 1.00 +3.00
25 Numeraire title=NMR 27.57 +2.68
26 Bella Protocol title=BEL 0.83 +2.67
27 Bitcoin Cash title=BCH 479.00 +2.66
28 Enzyme title=MLN 23.18 +2.57
29 IRISnet title=IRIS 0.03 +2.52
30 League of Kingdoms title=LOKA 0.28 +2.50

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 TerraClassicUSD title=USTC 0.02 -13.43
2 Atlas Aggregator title=ATA 0.19 -8.74
3 Convex Finance title=CVX 2.38 -8.41
4 Terra Luna Classic title=LUNC <0.01 -8.04
5 REZ 0.17 -7.13
6 Terra title=LUNA 0.61 -6.03
7 QuarkChain title=QKC 0.01 -5.72
8 Bonk title=BONK <0.01 -5.55
9 Ether.fi title=ETHFI 3.99 -5.18
10 Marlin title=POND 0.02 -5.16
11 Kadena title=KDA 0.88 -5.08
12 MultiversX title=EGLD 40.11 -4.98
13 FLOKI title=FLOKI <0.01 -4.89
14 Gains Network title=GNS 3.32 -4.85
15 Ethereum Name Service title=ENS 14.92 -4.73
16 xMoney title=UTK 0.08 -4.66
17 Optimism title=OP 2.79 -4.65
18 Conflux title=CFX 0.22 -4.59
19 Tensor title=TNSR 0.85 -4.46
20 Dymension title=DYM 3.21 -4.44
21 Juventus Fan Token title=JUV 2.47 -4.41
22 Portal title=PORTAL 0.81 -4.28
23 Cats Of Sol title=COS 0.01 -4.00
24 SSV Network title=SSV 43.10 -3.99
25 Civic title=CVC 0.17 -3.85
26 IoTeX title=IOTX 0.05 -3.80
27 Viction title=VIC 0.60 -3.75
28 PlayDapp title=PDA 0.08 -3.74
29 LeverFi title=LEVER <0.01 -3.69
30 Manta Network title=MANTA 1.75 -3.58

Bitcoin's Greed and Fear Index.

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68
Greed

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US news that has a significant impact on the market

at news day date time
1 Loan Officer Survey Monday 06-05-2024 19:03
2 RCM/TIPP Economic Optimism Tuesday 07-05-2024 15:03
3 Consumer Credit m/m Tuesday 07-05-2024 20:00
4 Final Wholesale Inventories m/m Wednesday 08-05-2024 15:00
5 Crude Oil Inventories Wednesday 08-05-2024 15:30
6 FOMC Member Jefferson Speaks Wednesday 08-05-2024 16:00
7 10-y Bond Auction Wednesday 08-05-2024 18:01
8 FOMC Member Cook Speaks Wednesday 08-05-2024 18:30
9 Unemployment Claims Thursday 09-05-2024 13:30
10 Mortgage Delinquencies Thursday 09-05-2024 15:00
11 Natural Gas Storage Thursday 09-05-2024 15:30
12 30-y Bond Auction Thursday 09-05-2024 18:01
13 FOMC Member Daly Speaks Thursday 09-05-2024 19:00
14 FOMC Member Bowman Speaks Friday 10-05-2024 14:00
15 Prelim UoM Consumer Sentiment Friday 10-05-2024 15:00
16 Prelim UoM Inflation Expectations Friday 10-05-2024 15:00
17 FOMC Member Barr Speaks Friday 10-05-2024 18:30
18 Federal Budget Balance Friday 10-05-2024 19:00

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