Ripple Launches Groundbreaking Automated Market Maker on XRPL, Revolutionizing DeFi Landscape

The XRPL blockchain, foundational to Ripple’s operations, is poised to revolutionize decentralized finance (DeFi) with its newly launched automated market maker (AMM) protocol, XLS-30. This development, a collaborative effort with the XRPL community, is designed to enrich the blockchain’s ecosystem significantly. Ripple‘s announcement of the XLS-30 AMM protocol marks a pivotal expansion in the XRPL ecosystem’s DeFi capabilities, facilitating cross-chain DeFi applications across 50 blockchain platforms. This innovation aims to complement XRPL’s existing decentralized exchange (DEX), which primarily operates on a traditional order book model lacking the advancements seen in newer DeFi protocols. A Ripple spokesperson highlighted to Cointelegraph that