The tide is turning for XRP, and the winds of change are fueled by a surge of validator support for a transformative technology: the Automated Market Maker (AMM). With the recent release of Rippled v2.0.1 and a growing chorus of “yes” votes from key players, the journey towards AMM integration on the XRP Ledger is gathering momentum.
Panos Mekras, co-founder of Anodos Finance, paints a clear picture. The arrival of Rippled v2.0.1, he assures, paves the way for the AMM amendment, bringing it closer to reality than ever before. Prominent validators like Wietse Wind, architect of XRPL Labs, echo this sentiment. Wind plans to integrate v2.0.1 and, assuming smooth sailing, cast his “yes” vote within two weeks. Similarly, Dirk Schepens of xSPECTAR and the XRPscan team have joined the fray, updating their validators and lending their support to the amendment.
At the heart of this excitement lies the potential of the AMM. The XLS-30D amendment will unlock new avenues for XRP holders, introducing a liquidity staking pool and, with it, the chance to earn passive income on their holdings. This translates to a more robust ecosystem, increased liquidity, and ultimately, a stronger foundation for XRP’s continued growth.
The numbers speak volumes. As of now, over 68% of XRPL validators have endorsed the AMM, a significant leap from the 16 “yes” votes back in December. This groundswell of support brings the project tantalizingly close to the 80% threshold needed for activation.
But beyond the numbers, it’s the spirit of the community that truly fuels this revolution. Validators, the backbone of the network, are stepping forward, leading the charge for a brighter future for XRP. They understand the transformative power of the AMM and are willing to pave the way for its seamless integration.
This community-driven push paves the way for a new era for XRP. With AMM on the horizon, XRP stands poised to unlock its full potential as a borderless, efficient, and inclusive financial instrument. The journey may not be without its challenges, but with the unwavering support of its dedicated community, XRP is well on its way to carving its own path toward revolution.
