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Title: XRPL Labs Exec Explains Importance of New Amendment
XRPL Labs Executive Discusses the Significance of Recent Amendment
As reported by U.Today, XRPL Labs Executive has recently shared their thoughts on the recent amendment that was implemented on the XRP Ledger. This crucial change added support for Automated Market Makers (AMMs), which has sparked a substantial increase in volume due to the short-lived meme coin frenzy.
In an interview, XRPL Labs Exec, Kiuru, expressed his frustration at the fact that it took so long for the amendment to be implemented. He believes that some projects were potentially forced to leave the ecosystem due to the lack of monetization opportunities. Despite this, he acknowledges that the new development could pave the way for a fresh wave of projects that can expand the decentralized finance (DeFi) ecosystem on XRPL.
The recent addition of AMMs support has been seen as a significant step forward in the growth and adoption of DeFi on the XRP Ledger. The increased volume due to meme coin frenzy demonstrates the potential that this amendment holds for the future of DeFi projects.
Source:
Source: u.today
