XRP Ledger Liquidity Expands as AMM Pools Surpass 13M XRP

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FXCryptonews 9 months ago 181

Liquidity in XRP ($1.99) Ledger’s automated market maker (AMM) pools has surpassed 13 million XRP, indicating rising adoption of AMMs on the network. Data from XRP Scan confirms that the total XRP within these pools now stands at 13,276,182 XRP, valued at $30 million based on current market prices.

AMM Pools Strengthen XRPL DEX Liquidity

AMM pools continue to boost liquidity on the XRP Ledger decentralized exchange (DEX), supporting smoother transactions and enhanced trading activity. The increasing interest in pooled transactions has significantly raised the total value locked (TVL) in the network. Over the past few months, this upward trend has gained momentum as more users participate in liquidity provision.

The number of AMM pools has also grown significantly, aligning with XRP’s recent price surge. Presently, the XRP Ledger hosts 18,468 active AMM pools and 17,059 total assets. This expansion reflects the growing confidence in XRPL’s liquidity solutions.

Related article: XRP Ledger: Pioneering Blockchain with Over 93 Million Ledgers

The recent introduction of the RLUSD ($1.00)/XRP AMM pool contributed to this rise. Following validator approval of the AMM Clawback amendment, the RLUSD/XRP pair launched on the network and quickly attracted liquidity providers. Currently, it holds 671,272 XRP ($1.52 million), making it the fourth-largest AMM pool. Meanwhile, the CRYPTO/XRP pool dominates with 3.8 million XRP ($8.7 million) locked in.

XRP Community Expects Bullish Momentum

The rising TVL in AMM pools has fueled optimism among XRP supporters. XP Market emphasized that the XRP Ledger remains a prime destination for liquidity providers.

Related article: Ripple Sets the Stage with RLUSD Growth in Stablecoin Space

Additionally, other community members believe this liquidity expansion and ecosystem growth could drive a bullish trend for XRP.

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Experts suggest that XRPL AMM pools may serve as a hedge against market declines. Panos Mekras, co-founder of XRPL-focused platform Anodas, explained that while AMM pools have limitations during bullish trends, providing liquidity to a token/stablecoin pair can help reduce losses when prices fall.

The post XRP Ledger Liquidity Expands as AMM Pools Surpass 13M XRP appeared first on FXcrypto News.



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