XRPScan, a platform that explores the XRP Ledger and analyzes its network, has announced a significant achievement for the Automated Market Maker (AMM) pools on the XRP Ledger. The total amount of XRP locked in these pools has surpassed 10 million, reaching a total of 10,084,968 XRP. This milestone showcases the increasing participation and liquidity within the XRP Ledger’s DeFi ecosystem.
Currently, the AMM pools involve 334 assets, including 317 unique tokens and 282 XRP pairs. There are a total of 597 active pools. By looking at the chart provided by XRPScan, we can observe a steady growth in the amount of XRP locked since April 1, with a noticeable surge in mid-June. This trend reflects the growing engagement and confidence in the XRPL AMM infrastructure.
When analyzing the top 10 AMM pools in the XRP market, we can see significant amounts of locked XRP and trading fees. The MAG/XRP (Magnetic) pool leads the way with 4,699,174 XRP locked, a trading fee of 0.999%, and an LP token balance of 46,713,149 LP. The XGO/XRP (xGO) pool follows with 931,885 XRP locked and a trading fee of 0.985%. The CRYPTO/XRP pool also holds a notable amount of locked XRP, with 756,634 XRP.
Other noteworthy pools include SOLO/XRP (Sologenic), which has 612,899 XRP locked, and BTC/XRP (Bitstamp), which has 436,969 XRP locked.
In terms of recent developments in the XRPL DeFi sector, Crypto Basic reported a substantial increase in locked XRP tokens within XRPL AMMs on April 17. The locked XRP reached its peak at 2,272,919 within a 24-hour period. During this time, the XRPL DeFi sector experienced significant growth, with the number of AMM pools increasing from 277 to 316 and the locked XRP volume rising from 1.8 million to 2.15 million.
According to XRPScan data, the ecosystem hosted a total of 209 assets, including 203 unique tokens, and 184 XRP pairs available for trading. The active pool count also surged to 324, with the total amount of locked XRP exceeding 2.27 million.
At present, XRP is being traded at $0.4759, with a 24-hour trading volume of $1,064,194,318.05. This represents a 0.96% increase in the last 24 hours, but a 3.24% decline over the past seven days.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. Crypto Basic will not be held responsible for any financial losses incurred.
