You've likely already heard about #AMM coming to XRPL, haven't you? But how much do you truly know about it?
Are you aware of the benefits it brings? The strategies it opens up? How it shapes the ecosystem? The risks involved?
We've got you covered with our detailed article on XRPL AMM. As the new amendment is about to be put to a vote, use this free time to learn about this new feature!
https://dev.to/xpmarket/decentralizing-finance-impact-of-automated-market-makers-amms-on-the-xrpl-ecosystem-2pom
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AMMs are coming to the XRP Ledger, and it's important to understand what this means for everyone using it. #AMM, or Automated Market Makers, are a way to trade digital currencies directly, without needing a traditional exchange. This is a big step towards making trading more accessible and fair for everyone.
The main idea behind AMMs on the #XRPL is to allow for more decentralization. This means that the system is not controlled by any single entity, which helps make it more secure and transparent. Everyone can see what's happening on the ledger, and this openness builds trust.
Adding AMMs to the XRPL will also improve liquidity. This term might sound complex, but it simply means making it easier to buy or sell digital currencies without affecting their price too much. It's good for the market because it means more people can trade without worrying about big price changes.
However, there are some challenges to be aware of. Impermanent loss is one of them. It happens when the prices of the currencies you're trading change a lot, and it can mean you don't get back as much as you expected. It's something to watch out for, especially with volatile assets.
Slippage is another issue. This is when the price changes between when you start a trade and when it's completed. It can be a problem in pools with less money or when prices are moving quickly.
Rug pulls are a risk too. This is when a project looks promising but then suddenly shuts down, leaving people with worthless tokens. It's a reminder to do your research before investing.
In short, AMMs on the XRPL are set to make trading easier and more open. They offer a lot of benefits, like better transparency and more chances for everyone to participate. But like anything in crypto, it's important to be careful and understand the risks.
Read on Twitter
Coming soon: https://xpmarket.com/amm
The main idea behind AMMs on the #XRPL is to allow for more decentralization. This means that the system is not controlled by any single entity, which helps make it more secure and transparent. Everyone can see what's happening on the ledger, and this openness builds trust.
Adding AMMs to the XRPL will also improve liquidity. This term might sound complex, but it simply means making it easier to buy or sell digital currencies without affecting their price too much. It's good for the market because it means more people can trade without worrying about big price changes.
However, there are some challenges to be aware of. Impermanent loss is one of them. It happens when the prices of the currencies you're trading change a lot, and it can mean you don't get back as much as you expected. It's something to watch out for, especially with volatile assets.
Slippage is another issue. This is when the price changes between when you start a trade and when it's completed. It can be a problem in pools with less money or when prices are moving quickly.
Rug pulls are a risk too. This is when a project looks promising but then suddenly shuts down, leaving people with worthless tokens. It's a reminder to do your research before investing.
In short, AMMs on the XRPL are set to make trading easier and more open. They offer a lot of benefits, like better transparency and more chances for everyone to participate. But like anything in crypto, it's important to be careful and understand the risks.
Read on Twitter
Coming soon: https://xpmarket.com/amm
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New update:
Check out individual asset liquidity charts in #AMM Pools!
Spot opportunities easier than ever.
Check out individual asset liquidity charts in #AMM Pools!
Spot opportunities easier than ever.
XRPL AMM Weekly Market Update: Week 37, 2024
Last week, the XRPL Automated Market Maker (#AMM) showed positive movement across key metrics. Trading volume rose from $660k to $784k, with $548k flowing in and $517k flowing out, reflecting a more balanced net flow compared to last week's slight outflow. Fees generated increased slightly to $8k, indicating consistent activity.
Total Value Locked (TVL) grew notably, jumping from $30.3 million to $33.1 million, highlighting increasing liquidity and participation. XRP locked in pools remains strong at 12.89 million XRP, a small dip from last week’s near 13 million, but with 852 active liquidity pools, we see continued growth and diversity.
Contributor numbers are also up, rising from 1,014 to 1,084, demonstrating increased engagement from the community.
The AMM continues to expand steadily, and it’ll be interesting to track these trends as we move forward into the next few weeks.
Last week, the XRPL Automated Market Maker (#AMM) showed positive movement across key metrics. Trading volume rose from $660k to $784k, with $548k flowing in and $517k flowing out, reflecting a more balanced net flow compared to last week's slight outflow. Fees generated increased slightly to $8k, indicating consistent activity.
Total Value Locked (TVL) grew notably, jumping from $30.3 million to $33.1 million, highlighting increasing liquidity and participation. XRP locked in pools remains strong at 12.89 million XRP, a small dip from last week’s near 13 million, but with 852 active liquidity pools, we see continued growth and diversity.
Contributor numbers are also up, rising from 1,014 to 1,084, demonstrating increased engagement from the community.
The AMM continues to expand steadily, and it’ll be interesting to track these trends as we move forward into the next few weeks.
🚨 The latest XRPL report is live! 🚨
Big shifts in transaction volumes, AMM liquidity, and NFT market! The ecosystem is evolving fast, and understanding these trends is key to staying ahead.
More: https://x.com/Kirjakulov/status/1842158983005843673
Big shifts in transaction volumes, AMM liquidity, and NFT market! The ecosystem is evolving fast, and understanding these trends is key to staying ahead.
More: https://x.com/Kirjakulov/status/1842158983005843673
X (formerly Twitter)
Dr. Artur Kirjakulov (@Kirjakulov) on X
Monthly #XRPL Report - ready.
1. Protocol fees: ~$77,000 in September
2. Total transactions +6.0%, but active wallets -2.2%
3. Total XRP(L) users: 115,487 (-2.2%)
4. dApp users: 10,082 (-13.6%)
5. dApp transaction share: 0.75%
6. #XRP in #AMM pools 12.3M…
1. Protocol fees: ~$77,000 in September
2. Total transactions +6.0%, but active wallets -2.2%
3. Total XRP(L) users: 115,487 (-2.2%)
4. dApp users: 10,082 (-13.6%)
5. dApp transaction share: 0.75%
6. #XRP in #AMM pools 12.3M…