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XRPL Labs Exec Explains Importance of New Amendment
In a recent statement, XRPL Labs executive Kiuru expressed his frustration over the prolonged implementation process of a crucial amendment to the XRP Ledger (XRPL) network. Despite this delay, he emphasizes that the new feature is essential for fostering growth and innovation within the ecosystem.
The amendment in question adds support for Automated Market Makers (AMMs), which has already seen significant traction since its activation earlier this year. According to reports from U.Today, XRP AMMs witnessed a substantial increase in volume following a brief meme coin frenzy on the XRPL network in October.
Kiuru’s comments highlight the importance of this amendment in enabling decentralized finance (DeFi) applications and expanding the scope for innovative projects. He laments that certain initiatives might have been forced to leave the ecosystem due to the lack of monetization opportunities, but he remains optimistic about the potential for new developments to emerge.
While some may be disappointed by the lengthy implementation process, Kiuru stresses the need to prioritize the quality and security of the network. XRPL Labs aims to strike a balance between innovation and stability, ensuring that the platform can support growing demand while maintaining its integrity.
Source:
Source: u.today
